Japan finance minister Suzuki says rapid FX moves are undesirable

Japan finance minister Suzuki

• Forex fluctuations have both merits and demerits on the Japanese
  economy
• Will respond
  appropriately after analyzing impact of forex moves
• Rapid fx moves
  undesirable
• Important for currencies to move a stable manner, reflecting fundamentals

USD/JPY is up from lows around 139.60 on Monday. It hit above 141.20 earlier in the session here.

Suzuki’s cage getting rattled.

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