Japan’s Suzuki: Rapid yen moves are undesirable

Japanese Finance Minister Shunichi Suzuki is making some comments on the latest slump in the yen, noting that “rapid yen moves are undesirable.”

Suzuki said that he expects “the Bank of Japan (BOJ) to guide policy appropriately.”

Market reaction

USD/JPY was last seen trading at 128.75, up 0.22% on the day. The yen plunged, snapping the recent recovery rally, as the US dollar demand dominated across the board. The pair looks to recapture 129.00 on dovish BOJ policy decision .

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