Japan finance minister says will closely monitor currency movements

The two sides are putting out a joint statement, remarking that:

• Japan, South Korea share serious concerns on respective currency depreciation
• Will continue to take appropriate steps to respond to declining value of currency

Suzuki then adds that it would be “desirable for FX to move stably, reflecting fundamentals”. All in all, nothing that we haven’t heard before from Tokyo and their attempts to jawbone the yen.

This article was written by Justin Low at www.forexlive.com.