Japan finance minister Suzuki with his usual FX remarks- excess FX volatility unacceptable

[forex4you]

Japan finance minister Suzuki with his usual FX remarks- excess FX volatility unacceptable

<p>Nothing much different in this lost of comments from Suzuki:</p><ul><li>
No comment on daily forex moves</li><li>Forex rates move on
various factors</li><li>Ready to take
appropriate actions on FX market movements if necessary</li><li>Excess FX volatility
by speculative trading is unacceptable</li><li>Watching FX moves
with high sense of urgency</li><li>In constant touch
with US authorities</li><li>Aware of Yellen's
comment that she did not know about Japan's intervention</li><li>Excessive FX
volatility due to speculative trading amplifies impact on households,
businesses, must be smoothed out</li><li>No comment on
whether intervened in FX market</li><li>Various currencies,
not just yen, weak against dollar's solo strength</li><li>Need to make sure
economic measures are not delayed after ex-economy minister
Yamagiwa's resignation</li><li>Monetary policy up
to the BOJ to decide</li><li>Price hikes are
caused by global commodity inflation and weak yen</li></ul><p>USD/JPY not doing much at all:</p>

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

Source: Japan finance minister Suzuki with his usual FX remarks- excess FX volatility unacceptable

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