Japan’s Suzuki: Closely watching FX moves with a great sense of urgency

Japanese Finance Minister Shunichi Suzuki crossed the wires again on Tuesday, reiterating that he is “closely watching FX moves with a great sense of urgency.”

Earlier in the day, Suzuki said that he “won't rule out any steps to respond to disorderly FX moves.”

Market reaction

At the time of writing, USD/JPY is trading modestly flat at 148.94, consolidating the latest uptick to 11-month highs of 149.19