Japan fin min Suzuki says rapid yen weakening has been seen recently

Japan finance minister Suzuki expressing concern on the falling yen – saying its recently been rapid.

  • will monitor fx closely with a strong sense of urgency
  • will take appropriate measures if necessary on fx
  • closely communicating with other countries FX authorities

Its 'rapid’ changes in the yen value that is the concern of Japanese authorities. Suzuki’s comments should be read as a threat to take action. He’s said similar before and we haven’t seen any actual intervention. I suspect this time will be the same.

Nevertheless there is a bit of a higher yen response:

usdyen chart 12 July 2022

Michael Cooper

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