Japan finance minister Suzuki won’t comment on specifics of FX intervention

Japan finance minister Suzuki

• Closely watching fx moves with a high sense of urgency
• Won’t rule out any
  steps to respond to disorderly moves
• Important for
  currencies to move in stable manner reflecting fundamentals, says
  rapid fx moves are undesirable
• Declines to comment
  on fx intervention
• Won’t comment when asked about specific means of how MOF may intervene in the FX market
• Various factors are behind FX moves, not just monetary policy

more to come

Intervention in USD/JPY involves yelling “Yours!” into the phone,

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