Does say Japan economic fundamentals are firm
- Says G7, G20 have agreed excessive forex volatility can harm economy, markets
That 'G7, G20' comment ... its taken a while to get to but a wee bit of jawboning form the admin ...
Yen moving a little higher so Suga is going to have to do better than that.
And, here we go, a little more:
- FX stability is important
- Watching FX moves with sense of urgency
I posted this morning on an earlier jawboning attempt: The yen surge and the Minister's verbal intervention
Update - ye strength not helping the stock market in Japan today - Nikkei down to a 4 month low
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