Japan’s Suzuki: Deeply concerned about excessive, one-sided moves on forex
Jun 28, 2024 2:48 AM
Japanese Finance Minister Shunichi Suzuki said on Friday that he is “deeply concerned about excessive, one-sided moves on forex. “
Additional comments
Won't comment on forex levels.
Important for currencies to move in stable manner reflecting fundamentals.
Rapid FX moves undesirable.
Deeply concerned about excessive, one-sided moves on forex.
Closely watching FX moves with a high sense of urgency.
No comment on whether current levels are excessive or not.
Believe trust in Japanese currency maintained.
Market reaction
At the time of writing, USD/JPY is extending a retreat from a new 38-year peak of 161.28, currently trading near 160.90. The pair is still up 0.10% on the day.
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