Japan’s Suzuki: Will take necessary steps to prevent excessive FX volatility

Japanese Finance Minister Sunichi Suzuki said on Monday that it’s important for currencies to move in stable manner reflecting fundamentals.

Additional quotes

“Important for currencies to move in stable manner reflecting fundamentals.”

“Excessive forex moves undesirable.”

“Will continue to take all possible steps on FX moves.”

“Aware that there are pros and cons with a weak yen.”

“Won't comment on FX levels.”

Market reaction

At the time of writing, USD/JPY is trading 0.05% higher on the day at 151.72.