Finally some sort of verbal response to the much weaker yen today.

Japan finance minister Suzuki:

  • won't rule out any steps in response to disorderly FX moves
  • closely watching FX moves with a high sense of urgency

That 'steps' comment is an escalation on what he usually says. He's given USD/JPY a bit of a shake:

usdyen suzuki 27 March 2024  2

More added:

  • won't rule out any steps including "decisive steps" to respond to disorderly FX moves

Yep, Suzuki ramping up the rhetoric a notch or two