Japan finance minister Suzuki says FX intervention is among options (yen buying he means)

Japan finance minister Suzuki is adding to the verballing of USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term today.

• Japan's Kanda (top FX guy at the MoF) says is concerned about the recent sharp yen moves

• Japan's Matsuno says sharp FX fluctuations are not desirable (he means the plunging yen)

Suzuki comments:

• FX intervention is among options Options Options represent a contract that enables investors to buy or sell underlying instruments such as security, exchange-traded funds (ETFs) or indices at a certain price over a certain period of time. Buying and selling options can be done on the options market, which trades contracts based on securities. When trading options, the price of the option is thus a percentage of the underlying asset or security.Investors who purchase an option are able to buy shares at a later time and are known as a ca Options represent a contract that enables investors to buy or sell underlying instruments such as security, exchange-traded funds (ETFs) or indices at a certain price over a certain period of time. Buying and selling options can be done on the options market, which trades contracts based on securities. When trading options, the price of the option is thus a percentage of the underlying asset or security.Investors who purchase an option are able to buy shares at a later time and are known as a ca Read this Term
• recent FX moves rapid
• some speculative moves are behind the recent FX moves
• if such moves persist we will take necessary steps

OK, that 'speculative' comment is an escalation of rhetoric

And this:

• recent FX moves are clearly sharp and one-sided

This is also an escalation.

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I posted these earlier, of relevance:

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention



Solo Bank of Japan intervention seems unlikely:

• USD/JPY BOJ intervention watch - intervention seen as unlikely without US coordination

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Japan finance minister Suzuki