Japan Suzuki: Important for currencies to move in stable manner, reflecting fundamentals

Japan finance minister Suzuki comments crossing:

• Important for currencies to move in stable manner, reflecting fundamentals

• Important for govt, BOJ to coordinate policy
• Will take thorough
  response for forex
• Closely watching fx
  moves

Suzuki was asked about the Bank of Japan’s reduction in JGB buys (this happened yesterday) and said the government is closely watching interest rate movements.

Which is pretty much saying nothing.

USD/JPY has crept higher during morning Asia trade, not a rapid move:

This article was written by Eamonn Sheridan at www.forexlive.com.