Monitor Forex market movements closely and cautiously.

Japanese Finance Minister Shunichi Suzuki said on Tuesday he was “closely monitoring the movements of the foreign exchange market with caution.”

Additional quotes

I will not comment on forex levels.

No change in government position on foreign exchange.

The market has been driven by various factors, including sentiment and speculation.

Monitor Forex market movements closely and carefully.

He was not in a position to comment when asked about the effectiveness of verbal intervention.

Market reaction

At the time of writing, the USD/JPY pair is holding its gains near the 161.60 level, adding 0.08% on the day.