Japan finance minister Suzuki won't comment on current FX moves

Suzuki saying the same things he always does:won't comment on current FX movesgovernment ready to respond appropriately to excessive FX movesclosely watching FX moves with high sense of urgencywon't rule out any option, will deal appropriately with excessive FX movesclosely communicated with US and South Korea in FX when he was in Washingtonreconfirmed commitment that excessive FX moves are undesirableThe international cooperation Suzuki refers to is well established, intervention can take place to address excessive moves. In the case of where we are at present, intervention would be a gift to dip buyers of USD/JPY.I posted earlier on the fundamentals the Ministry of Finance is trying to fight:USD/JPY barely under 155, rate differential fundamental support - any MoF intervention?But that's all they are. This article was written by Eamonn Sheridan at www.forexlive.com.

Apr 23, 2024 - 07:35
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Japan finance minister Suzuki won't comment on current FX moves

Suzuki saying the same things he always does:

  • won't comment on current FX moves
  • government ready to respond appropriately to excessive FX moves
  • closely watching FX moves with high sense of urgency
  • won't rule out any option, will deal appropriately with excessive FX moves
  • closely communicated with US and South Korea in FX when he was in Washington
  • reconfirmed commitment that excessive FX moves are undesirable

The international cooperation Suzuki refers to is well established, intervention can take place to address excessive moves. In the case of where we are at present, intervention would be a gift to dip buyers of USD/JPY.

I posted earlier on the fundamentals the Ministry of Finance is trying to fight:

But that's all they are. This article was written by Eamonn Sheridan at www.forexlive.com.

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