Japan’s Suzuki: Deeply concerned about excessive, one-sided moves on forex - FXStreet

Japanese Finance Minister Shunichi Suzuki said on Friday that he is “deeply concerned about excessive, one-sided moves on forex. “

Additional comments

Won't comment on forex levels.

Important for currencies to move in stable manner reflecting fundamentals.

Rapid FX moves undesirable.

Deeply concerned about excessive, one-sided moves on forex.

Closely watching FX moves with a high sense of urgency.

No comment on whether current levels are excessive or not.

Believe trust in Japanese currency maintained.

Market reaction

At the time of writing, USD/JPY is extending a retreat from a new 38-year peak of 161.28, currently trading near 160.90. The pair is still up 0.10% on the day.

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2024-06-28 02:48:47Z
CBMicmh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9uZXdzL2phcGFucy1zdXp1a2ktZGVlcGx5LWNvbmNlcm5lZC1hYm91dC1leGNlc3NpdmUtb25lLXNpZGVkLW1vdmVzLW9uLWZvcmV4LTIwMjQwNjI4MDI0ONIBdmh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9hbXAvbmV3cy9qYXBhbnMtc3V6dWtpLWRlZXBseS1jb25jZXJuZWQtYWJvdXQtZXhjZXNzaXZlLW9uZS1zaWRlZC1tb3Zlcy1vbi1mb3JleC0yMDI0MDYyODAyNDg

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