Japan finance minister Suzuki says he has no comment on FX levels

Japan finance minister Suzuki says he has no comment on FX levels.

Such comments from him usually precede a huge tirade from him on FX levels.

And ... here we go:

• FX should move stably reflecting the fundamentals
• Closely watching forex Forex Forex, also known as foreign exchange or FX, is the buying and selling of one currency for another. The foreign exchange market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. Forex trading can be done through a broker or market maker, and can be done online or over the phone. The vast majority of forex trading is done by businesses buying and selling products along with money managers hedging against currency risk. A portion of the forex m Forex, also known as foreign exchange or FX, is the buying and selling of one currency for another. The foreign exchange market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. Forex trading can be done through a broker or market maker, and can be done online or over the phone. The vast majority of forex trading is done by businesses buying and selling products along with money managers hedging against currency risk. A portion of the forex m Read this Term moves
• sharp FX moves are undesirable

ps. This is weak stuff, again. Actual yen intervention will be heralded in advance by sterner words:

• The 4 phrases from Japanese officials to listen for signalling imminent yen intervention

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USD/JPY update: