Japan finance minister Suzuki:

  • no comment on FX levels
  • says FX stability is important, rapid moves not desirab;le
  • Japan's government will respond appropriately to exchange rates, will follow G7 agreement on FX

Nothing at all new here from Suzuki. I posted earlier this week on what he'll say if yen intervention is near by:



USD/JPY dropped lower from its early highs well before the minister did his jawboning:

usd yen chart 10 June 2022