Japan’s Suzuki: Watching currency moves “cautiously”

Market news

2 October 2023

Japan’s Suzuki: Watching currency moves “cautiously”

Japanese Finance Minister Shunichi Suzuki is crossing the wires early Monday, continuing with the verbal intervention, as the USD/JPY pair approaches 150.00 once again.

Suzuki said that he was watching currency moves "cautiously", per Bloomberg.

Market reaction

At the time of writing, USD/JPY is adding 0.30% on the day to trade near 149.70.

USD/JPY hits fresh 11-month highs around 149.70, focus on US PMI, Fed’s Powell speech

GBP/USD struggles to gain any meaningful traction, remains confined in a narrow band

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