Japan’s Suzuki: Will respond appropriately if FX moves become excessive

Market news

27 June 2023

Japan’s Suzuki: Will respond appropriately if FX moves become excessive

Speaking on Monday, Japanese Finance Minister Shunichi Suzuki said that he “will respond appropriately if FX moves become excessive.”

Additional quotes

FX should move stably reflecting fundamentals.

Recent FX moves are sharp, one-sided.

Market reaction

The Japanese Yen seems to have found some support from the above comments, as USD/JPY holds lower ground near 140.35, losing 0.10% on the day.

Currencies. Daily history for Tuesday, June 27, 2023

Commodities. Daily history for Monday, June 26, 2023

Market Focus

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