Japan finance minister Suzuki says cannot tolerate excessive FX move driven by speculators

Japan finance minister Suzuki with some verbal JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term intervention.

• cannot tolerate excessive fx moves driven by speculators
• closely watching the fx market with a sense of urgency
• won't comment on whether conducting stealth fx intervention
• will respond appropriately to excessive fx moves
• generally speaking, there are times when we disclose the fact that we intervened in the FX market but there are other times we do not

The words 'excess' and 'speculative' are key words. There are others:

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention

Suzuki said similar on Monday.

Coming up a little later will be further verbal intervention from:

• Bank of Japan Governor Kuroda to speak from 0050 GMT