Japan finance minister Suzuki with the attempt at verbal intervention to prop us the yen Important for fx to move stably reflecting fundamentalsExcess fx volatility undesirableWon't rule out any option, will deal appropriately with fx movesWatching fx moves carefully with high sense of urgencyWon't comment on whether recent yen moves are excessiveI can't understand why Suzuki wouldn't comment "on whether recent yen moves are excessive". He is surely missing an opportunity. Market participants understand that when a finance minister says FX moves are excessive its code for "stop selling the currency" (yen in this case) "because I'll intervene to buy it and you'll lose money". Maybe that's ju
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