Japan’s Suzuki: Closely watching FX moves with high sense of urgency

As the Japanese Yen comes under renewed selling pressure, with the USD/JPY pair re-approaching the 148.00 level, Japan’s Finance Minister Shunichi Suzuki is out with some usual verbal intervention.

Key quotes

No comment on recent FX levels, moves.

Last year's FX intervention had its effect.

Closely watching FX moves with high sense of urgency.

Won't rule out any options for response to excessive FX volatility.

Closely contacting with overseas currency authorities.

Market reaction

At the time of writing, USD/JPY is adding 0.07% on the day to trade at 147.70.