Japan’s Suzuki: Recent yen moves are rather rapid and one-sided

Japanese Finance Minister Shunichi Suzuki said on Wednesday that “recent yen moves are rather rapid and one-sided,” per Jiji News.

Additional quotes

“Recent forex moves are somewhat rapid.”

“Rapid fx moves not desirable.”

“Forex rates should reflect fundamentals.”

Market reaction

At the time of writing, USD/JPY is trading at 143.23, up 0.32% on the day, little affected by the latest Japanese verbal intervention.