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Japan’s Suzuki: Intervention late April/early May a response to speculation

2024-06-21FXStreetFXStreet
Japanese Finance Minister Shunichi Suzuki said on Tuesday that foreign exchange (FX) intervention had effects to some effects, adding that the central bank will continue to respond appropriately when asked about forex.

Japanese Finance Minister Shunichi Suzuki said on Tuesday that foreign exchange (FX) intervention had effects to some effects, adding that the central bank will continue to respond appropriately when asked about forex.  

Key quotes

 Forex intervention had certain effects

Forex intervention was intended to respond to speculative moves

Says will continue to respond appropriately when asked about Forex

Concerned that automakers' certification irregularities could have large implications

Market reaction 

At the time of writing, USD/JPY is trading 0.19% higher on the day to trade at 156.38. 

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