Japan’s Suzuki: It is important for FX to move steadily and reflect fundamentals

Japanese Finance Minister Shunichi Suzuki said on Tuesday, “it is important for FX to move steadily and reflect fundamentals.”

He added that there is “nothing to comment on daily forex moves.”

Market reaction

USD/JPY is trimming losses to recapture 136.50, as investors digest comments from BoJ Governor Kuroda on exiting ultra-loose monetary policy.