Japan’s Suzuki: Will continue to watch FX, price moves carefully

When asked about the recent yen price movements, Japanese Finance Minister Shunichi Suzuki reiterated that they “will continue to watch FX and price moves carefully, with a sense of urgency.”

Additional quotes

Will continue to watch FX, price moves carefully, with a sense of urgency.

FX rates move on various factors not just Japan-US interest rate diffentials.

FX moves driven by markets.

Market reaction

USD/JPY has staged a solid rebound amid a relief rally this Friday. The pair is trading at 129.14, up 0.66% on the day, having stalled its recovery at 129.35.