Japan’s Suzuki: Important for forex to move stably reflecting fundamentals

Japanese Finance Minister Shunichi Suzuki said on Wednesday, it is “important for forex to move stably reflecting fundamentals.”

Additional quotes

“Need to be vigilant about the very fast pace that credit concerns spread globally.”

“No comment on specific means of BoJ policy, but expect BoJ to work closely with govt and guide appropriate policy steps under new governor.”

“Govt watching fx moves carefully.”

Market reaction

At the time of writing, USD/JPY is dropping 0.08% on the day to trade at 132.38.