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Japanese Fin Min Suzuki says rapid FX moves are undesirable, won't rule out any options

Japanese Fin Min Suzuki says rapid FX moves are undesirable, won't rule out any options
Verbal intervention efforts from Japanese Finance Minister Suzuki:Rapid FX moves are undesirableWon't rule out any options vs excessive FX movesIts important that FX move stably reflecting fundamentalsUSD/JPY had been dropping lower prior to his comments:These are fairly mild comments from Suzuki. Check this out:The clear signals to watch for imminent Bank of Japan FX yen interventionAlso, JPM say actual intervention won't occur until around 155:JP Morgan forecasts USD/JPY to as high as 155 befo... Read More
Posted: Sep 8 2023, 00:51
Author Name: forexlive
Views: 112581

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