Japan finance minister Suzuki says cannot tolerate excessive FX move driven by speculators

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Japan finance minister Suzuki says cannot tolerate excessive FX move driven by speculators

<p>Japan finance minister Suzuki with some verbal JPY intervention.</p><ul><li> cannot tolerate excessive fx moves driven by speculators</li><li>closely watching the fx market with a sense of urgency</li><li>won't comment on whether conducting stealth fx intervention</li><li>will respond appropriately to excessive fx moves</li><li>generally speaking, there are times when we disclose the fact that we intervened in the FX market but there are other times we do not</li></ul><p>The words 'excess' and 'speculative' are key words. There are others:</p><ul><li><a href="https://www.forexlive.com/centralbank/heres-what-to-watch-for-to-warn-of-imminent-bank-of-japan-boj-yen-intervention-20220907/" target="_blank" data-article-link="true" class="article-link article-link article-link article-link">Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/the-4-things-to-watch-prior-to-bank-of-japan-fx-yen-intervention-20220911/" target="_blank" data-article-link="true" class="article-link article-link article-link article-link">The 4 things to watch prior to Bank of Japan FX yen intervention</a></li></ul><p>Suzuki said similar on Monday. </p><p>Coming up a little later will be further verbal intervention from:</p><ul><li><a href="https://www.forexlive.com/centralbank/heads-up-for-bank-of-japan-governor-kuroda-to-speak-from-0050-gmt-20221017/" target="_blank" data-article-link="true">Bank of Japan Governor Kuroda to speak from 0050 GMT</a></li></ul>

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

Source: Japan finance minister Suzuki says cannot tolerate excessive FX move driven by speculators

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