Japan Finance Minister Suzuki says authorities stand ready to respond in forex market

Sidney Crosby and Pittsburgh Penguins in Cole Harbour | SaltWireTOKYO - Japanese Finance Minister Shunichi Suzuki said on Tuesday authorities were watching closely and stood ready to respond in the currency market, repeating a warning against speculative moves that did not reflect economic fundamentals.

Speaking at a regularly scheduled press conference, Suzuki said authorities were watching market moves with a high sense of urgency. The yen slid to within a hair of 150 per dollar and near a one-year low, putting traders on watch for intervention from Japanese authorities.

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