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USD/JPY Off Highs Post Suzuki's Comment On Bold Action

JPY

USD/JPY is edging lower, the pair last near 151.65/70 (earlier highs were at 151.97). Comments from FinMin Suzuki have crossed. The FinMin largely reiterating that the authorities are watching FX markets with a high sense of urgency and won't rule out any options.

  • This statement *JAPAN'S SUZUKI: WILL TAKE BOLD ACTION ON FX IF NEEDED, appears to be a step up in rhetoric, at least versus comments made yesterday, but has been part of the language used before. Comments from Suzuki and Kanda in recent sessions have produced in lasting bounce in yen.
  • Lows for USD/JPY sit at 151.45 for today's session.

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