Japan finance minister Suzuki trying to talk up the yen now - verbal intervention ...Middle East

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Japan finance minister Suzuki trying to talk up the yen now - verbal intervention
source : forex live ( Middle East ) () 119
Japan finance minister Suzuki:no comment on daily forex movesimportant for currencies to move in a stable manner reflecting fundamentalsexcessive FX moves undesirablelooking at background of yen weakening to 152, 153 to dollar and not necessarily at the levels themselvesin constant communication with Vice Finance Minister Kanda on forexwon't rule out any steps to respond to excessive FX moves If anyone in the comments would like to help Suzuki out here. He wants 'background' on the USD/JPY to 152/153. Anyone like to explain interest rate differentials, and monetary policy divergence, to him? This article was written by Eamonn Sheridan at www.forexlive.com.

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