Japan Finance Minister Shunichi Suzuki acknowledged the ongoing depreciation in the yen but refrained from commenting on the forex levels, in his appearance on Tuesday.
Key quotes
“The yen is weakening.”
“No comment on FX levels.
“Stability in currencies is important.”
“Will continue to watch FX moves.”
Market reaction
USD/JPY gyrates around 114.00, despite the rebound in the US dollar across the board, as a dour mood weighs on the spot.
Read More: The yen is weakening, will continue to watch FX moves