- Japan’s Suzuki: It is important for FX to move steadily and reflect fundamentals
Market news
6 December 2022
Japan’s Suzuki: It is important for FX to move steadily and reflect fundamentals
Japanese Finance Minister Shunichi Suzuki said on Tuesday, “it is important for FX to move steadily and reflect fundamentals.”
He added that there is “nothing to comment on daily forex moves.”
Further comments
Will continue to monitor fx market with sense of urgency.
FX rates should be set by market.
No change to stance of responding appropriately to FX moves.
Excess FX volatility, disorderly moves can hurt economy.
Market reaction
USD/JPY is trimming losses to recapture 136.50, as investors digest comments from BoJ Governor Kuroda on exiting ultra-loose monetary policy.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page