Japan stepped up verbal intervention as USD/JPY breaks above 150 level. Finance Minister Shunichi Suzuki warned today, “we are confronting speculators strictly.”
Yet, when asked if Yen was under attack by speculators, Suzuki said, “it’s inappropriate for me to comment on such a question under the current circumstances.”
Regarding BoJ policy, he said, “I’m not in a position to comment anything concrete. We’ll strive to maintain fiscal discipline with a major target of achieving primary budget surplus in fiscal 2025.”
