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 moves
  • sharp FX moves are undesirable

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

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USD/JPY update:

usdyen verbal intervention 16 June 2023