Japan’s Suzuki: Closely watching FX moves with vigilance

Japanese Finance Minister Shunixhi Suzuki said on Tuesday that he is “closely watching FX moves with vigilance.”

Additional quotes

Won't comment on forex levels.

No change in the government's stance on foreign exchange.

The market has been driven by various factors, including sentiment, speculation.

Closely watching FX moves with vigilance.

Not in a position to comment when asked about the effectiveness of verbal intervention.

Market reaction

As of writing, USD/JPY is holding higher ground near 161.60. adding 0.08% on the day.