Japan finance minister Suzuki says FX stability is important

If you've been following along in past weeks and months you'll realise the 'stability' (and similar) comment coming out of Japan is aimed at slowing the drop in the yen. This from earlier for example:

USD/JPY cracks through 127.00

Japan's fin min now:

• FX stability is imprtant
• no comment on FX levels
• I will depart this afternoon to attend the G20 meeting
• declined to comment when asked about currency intervention to sten the weakness in yen

ADDED - this should carry more weight in the market:

• says closely communicating with US currency authority on FX

I posted this longer term chart of USD/JPY earlier too:

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