Japan fin min Suzuki says its important for FX to move stably in line with fundamentals

Japan finance minister Suzuki says its important for FX to move stably in line with fundamentals. • Will keep monitoring the FX market with a sense of urgency. • FX rates should be set by market. • No change in his stance of responding to FX moves in an appropriate way. • Excess FX volatility, disorderly moves can hut the economy. Rinse, repeat yen comments from Suzuki. He has made similar comments many time during the run higher for USD/JPY over previous months. These are a verbal form of FX intervention.