Japanese Finance Minister Shunichi Suzuki said on Tuesday that “I have the impression that recent forex moves are becoming more significant.”

Additional quotes

"We will decide whether to extend fuel subsidies based on prices, etc."

"We will consider exiting from fuel subsidies at some point."

"It is desirable for FX to move stably."

"It is not desirable for FX to move rapidly."

“Important for FX market to move stably reflecting econ fundamentals.”

“Watching FX moves with high sense of urgency.”

“Recent FX volatility is high.”

Market reaction

At the time of writing, USD/JPY is trading at 140.40, down 0.12% on the day, as traders shrug off the latest Japanese jawboning.