Japan finance minister Suzuki says he has no comment on FX levels.
Such comments from him usually precede a huge tirade from him on FX levels.
And ... here we go:
- FX should move stably reflecting the fundamentals
- Closely watching forex moves
- sharp FX moves are undesirable
ps. This is weak stuff, again. Actual yen intervention will be heralded in advance by sterner words:
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USD/JPY update:
