Japan’s Suzuki: Ready to take action against speculative yen moves

Japanese Finance Minister Shunichi Suzuki said on Thursday, the government will take decisive action in the FX market if speculative moves were seen in the yen.

Key quotes

Will take decisive action if speculative FX moves.

We are focusing on FX volatility rather than a specific dollar/yen level.

We're not looking at levels but volatility when asked about what triggers intervention.

Separately, a Japanese finance ministry official said that it is “desirable for currencies to move stably reflecting economic fundamentals.

Market reaction

USD/JPY is little changed, trading at around 146.85, at the time of writing.