Japan’s Suzuki: Excessive FX volatility is undesirable

Japanese Finance Minister Shunichi Suzuki said on Friday that the excessive FX volatility is undesirable and policymakers will take thorough steps on FX with a strong sense of urgency. However, Suzuki declined to comment on the FX level and intervention. 

Market reaction

At the press time, the USD/JPY pair is losing 0.02% on the day to trade at 150.37.