# Japan finance minister says markets should set FX rates after yen weakens

> Japanese Finance Minister Shunichi Suzuki said currency rates should be set by markets after the yen fell to a six-month low against the dollar. The move was far milder than last year's fall to nearly 152 yen.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36170-japan-finance-minister-says-markets-should-set-fx-rates-after-yen-weakens
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Suzuki's stance signals limited near-term intervention, leaving yen weakness free to raise Japan's import costs for feed inputs.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japans-suzuki-says-fx-rates-should-be-set-by-markets-2023-05-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.