• Japan’s Suzuki: FX rate moves are driven by the market and various factors

Market news

2 June 2023

Japan’s Suzuki: FX rate moves are driven by the market and various factors

Japanese Finance Minister Shunichi Suzuki said on Friday, FX rate moves are driven by the market and various factors.

Further comments

“A weak Yen has various impacts on Japan's economy such as exports, import prices.”

“Current account balance, Japan's stance on fiscal reform also affect long-term market trust on the Yen.”

Market reaction

USD/JPY was last seen trading at 138.65, down 0.10% on the day.

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