Japan finance minister Suzuki says rapid FX moves are undesirable, speculative moves seen

Japan finance minister Suzuki verbal intervention,

• Important for currencies to move in stable manner reflecting
  fundamentals
• Rapid fx moves
  undesirable
• Speculative move
  seen behind forex moves
• Closely watching fx
  moves with a high sense of urgency
• Won’t rule out any
  steps to respond to disorderly fx moves
• Watching speed of
  forex moves, not level

USD/JPY has ticked a little higher following the data earlier, Suzuki weighing on it now:

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