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Japan finmin Suzuki: Rapid FX moves are undesirable, speculative moves seen
Japan finance minister Suzuki verbal intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid fx moves undesirable. • Speculative move seen behind forex moves. • Closely watching fx moves with a high sense of urgency. • Won't rule out any steps to respond to disorderly fx moves. • Watching speed of forex moves, not level. USD/JPY has ticked a little higher following the data earlier, Suzuki weighing on it now: chart
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