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By Tetsushi Kajimoto
TOKYO, March 22 (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday that it's difficult to comment on the possibility of currency intervention, when asked about the chance of such action by authorities to stem the yen's weakness.
Suzuki made the comment as the yen steadied against the dollar as it drew some support from expectations of further rate hikes from the Bank of Japan later this year and some jaw-boning efforts from Japanese government officials.
The dollar was last 0.28% higher against the yen at 151.655, after the Japanese currency had rallied in Asian trading and reversed some of its heavy losses in the wake of this week's BOJ policy shift.
Suzuki told reporters after a cabinet meeting that it was important for currencies to move stably reflecting fundamentals and that authorities are closely watching their moves "with a high sense of urgency."
He declined to comment on currency levels.
"I'll refrain from commenting on a chance of currency intervention, which is one of the hardest one to comment, as I say I won't comment on the currency market," he said.
(Reporting by Tetsushi Kajimoto Editing by Shri Navaratnam)