Japanese Finance Minister Shunichi Suzuki said on Wednesday that he “will take necessary actions on FX. “

Additional comments

Won't comment on forex levels.

FX stability is desirable.

Watching FX moves with high sense of urgency.

Deeply concerned about fx impact on economy.

Rapid and one-sided moves undesirable.

His comments come as USD/JPY reached a fresh 38-year peak on Wednesday at 160.87. At the time of writing, the pair is losing 0.21% on the day to trade below 160.50.