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 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
• 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