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Japan’s Suzuki: Desirable for currencies to move in stable manner reflecting fundamentals

FXStreetJun 24, 2024 2:25 AM

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Japanese Finance Minister Shunichi Suzuki said on Monday that it is “desirable for currencies to move in a stable manner reflecting fundamentals.”

Additional comments

Won't comment on forex levels.
Excessive FX change undesirable.
Want to respond appropriately as needed.
No comment, when asked if current FX moves are excessive.

Market reaction

The Japanese Yen is recovering ground on these intervention warnings, as USD/JPY mires near intraday lows of 159.63, down 0.05% so far.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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