Japan’s Suzuki: Closely watching FX moves

Japanese Finance Minister Shunichi Suzuki offered some mild verbal interventions on Tuesday. Suzuki said that he will watch foreign exchange moves with strong urgency. 

Key quotes

“FX markets are set by various factors.”

“Closely watching FX moves with a high sense of urgency.”

“Aware there are some views that new "Nisa" programs causing capital flight, Yen weakening.”

“Refrain from commenting on stock prices.”

“Day-to-day stock prices are set by the market.”

Market reaction

At the time of writing, USD/JPY is trading 0.08% higher on the day at 150.26.