- Japan’s Suzuki: If Tokyo were to intervene, it will do so swiftly, without pause
Market news
Japan’s Suzuki: If Tokyo were to intervene, it will do so swiftly, without pause
Japanese Finance Minister Shunich Suzuki is on the wires now, via Reuters, making some bold statements on a potential forex market intervention.
Key quotes
Recent yen moves have been quite sharp.
Won't rule out any options, when asked about chance of FX intervention.
No comment on whether Japan conducted rate check.
If Tokyo were to intervene, it will do so swiftly.
If Tokyo were to intervene, it will do so without pause.
Govt watching fx moves with high sense of urgency.
If yen continues to make such moves, we will take necessary action without ruling out any options.
Govt, BOJ will coordinate carefully given recent FX moves.
FX moves have been volatile over the past few days.
MOF usually won't confirm whether it intervened in the market, even after it did so.
Market reaction
USD/JPY showed limited reaction to the above comments, as it kept it range around 143.50, losing 0.72% on the day.
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