Japan finance minister Suzuki with the ramped-up rhetoric (respond, rapid, speculative, won't rule out anything). the danger of trotting this stuff out every day is that market becoming jaded and selling yen regardless.
- Won't comment on forex levels
- Important for currencies to move in stable manner reflecting fundamentals
- Rapid fx moves undesirable
- Speculative moves seen behind recent weak yen
- Won't rule out any steps to respond to disorderly fx moves
- Closely watching fx moves with a high sense of urgency
- Will respond fx moves appropriately
For now its still having an impact though:
