Japan’s Suzuki: Will respond appropriately if FX moves become excessive

Speaking on Monday, Japanese Finance Minister Shunichi Suzuki said that he “will respond appropriately if FX moves become excessive.”

Additional quotes

FX should move stably reflecting fundamentals.

Recent FX moves are sharp, one-sided.

Market reaction

The Japanese Yen seems to have found some support from the above comments, as USD/JPY holds lower ground near 140.35, losing 0.10% on the day.