Japan finance minister Suzuki with verbals on the yen. Japanese authorities would like to slow it fall, those like Suzuki have been making statements during its rapid deprecviation.
Comments:
- important for forex to move stably, reflecting economic fundamentals
- sharp currency moves are undesirable
- closely watching currency moves with a sense of urgency
- won't rule out any options on forex
- concerned about excess FX volatility
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EUR/JPY is making a good move higher in Asia. Suzuki is concerned over broad yen weakness, although USD/JPY is main focus.
