Japan’s Suzuki: Excessive FX volatility is undesirable

Market news

27 October 2023

Japan’s Suzuki: Excessive FX volatility is undesirable

Japanese Finance Minister Shunichi Suzuki said on Friday that the excessive FX volatility is undesirable and policymakers will take thorough steps on FX with a strong sense of urgency. However, Suzuki declined to comment on the FX level and intervention.

Market reaction

At the press time, the USD/JPY pair is losing 0.02% on the day to trade at 150.37.

Australia Producer Price Index (QoQ) increased to 1.8% in 3Q from previous 0.5%

Currencies. Daily history for Thursday, October 26, 2023

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