Japanese Finance Minister Shunichi Suzuki said on Wednesday that he will closely monitors currency fluctuations with a sense of urgency. Suzuki further stated that he will take all necessary measures to prevent the weak Japanese Yen (JPY).
Key quotes
“Watching FX movement with a sense of urgency.”
“Won't comment on FX levels.”
“Rapid FX moves are undesirable.”
“Important for currencies to move in a stable manner reflecting fundamentals.”
