VOT Research Desk
Shunichi Suzuki, the minister of finance for Japan, stated on Tuesday that it is crucial for foreign exchange to move consistently and represent fundamentals.
There is nothing to say on daily FX moves, he continued. Will keep an urgent eye on the foreign exchange market. FX rates should be determined by the market. Nothing has changed regarding how I react to FX moves.
Unorderly movements and excessive FX volatility can harm the economy.
As investors reflect on statements made by BoJ Governor Kuroda on ending ultra-loose monetary policy, the USD/JPY is recovering to 136.50.
