Japanese Finance Minister Shunichi Suzuki reaffirmed his commitment on Friday to closely monitor foreign exchange (FX) fluctuations, emphasizing readiness to implement necessary actions if deemed essential.
Key Quotes:
“Says is closely watching FX moves.”
“Won‘t comment on FX levels.”
“To take necessary measures regarding foreign exchange if required.”
“To take necessary measures as required.”
“To take appropriate foreign exchange measures without hesitation.”
Market Reaction:
Despite the verbal intervention, the Japanese Yen (JPY) experienced minimal market impact. As of the latest update, the USD/JPY pair trades 0.07% lower for the day at 155.40.