Japan finance minister Suzuki is adding to the verballing of USD/JPY today.

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:

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Japan finance minister Suzuki

yellen suzuki yen 12 July 2022