Japan's Finance Minister Shun'ichi Suzuki excessive moves in fx are ‘undesirable’

Japan's Finance Minister Shun'ichi Suzuki has stated in trade today that excessive moves in fx are ‘undesirable’ and that fx should move stably reflecting fundamentals.

He said that they are to continue closely watching the fx market.

Separately, he stated that he expects the Bank of Japan to work closely with the government to achieve a 2% inflation target.

More to come...