Japan’s Suzuki: Desirable for currencies to move in stable manner reflecting fundamentals

Japanese Finance Minister Shunichi Suzuki said on Monday that it is “desirable for currencies to move in a stable manner reflecting fundamentals.”

Additional comments

Won't comment on forex levels.

Excessive FX change undesirable.

Want to respond appropriately as needed.

No comment, when asked if current FX moves are excessive.

Market reaction

The Japanese Yen is recovering ground on these intervention warnings, as USD/JPY mires near intraday lows of 159.63, down 0.05% so far.