Japan’s Suzuki: Won’t rule out any options on FX

Japanese Finance Minister Shunichi Suzuki is reiterating his stance on the recent fx market volatility and the exchange rate value.

Key quotes

To tap 3.5 trln in budget reserves to speedily deliver measures against the negative impact of price hikes.

Important for FX to move stably reflecting economic fundamentals.

Sharp currency moves are undesirable.

Closely watching fx move with a high sense of urgency.

Concerned about excess FX volatility.

Strong dollar affecting not just yen but oter currencies.

Market reaction

USD/JPY was last seen trading at 143.66, down 0.33% on the day.

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