Japan finance minister Suzuki says closely watching FX rate moves

[forex4you]

Japan finance minister Suzuki says closely watching FX rate moves

Some very gentle verbal intervention from fin min Suzuki:

• 
  Daily stock market moves set by markets with various factors behind
  it
• Won't comment on day
  to day forex levels
• Important for
  currencies to move in stable manner reflecting fundamentals
• Closely watching FX
  moves
• Specific monetary
  policy is up to BOJ to decide
• Monetary policy up
  to BOJ to decide, govt won't comment
• Expects BOJ to keep
  close contact with govt to guide monetary policy appropriately

Still to come:

• JPY traders - heads up for Bank of Japan Governor Ueda to speak from 10am Tokyo time

USD/JPY is barely changed on Suzuki's comments, around 149.26.

Udea and Suzuki

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

Source: Japan finance minister Suzuki says closely watching FX rate moves

forexlive.com