My age is 17 and my height is 5'3” and I love the new FZ Version 2.0, will it suit on me or not?

You should go for a cruiser bike as it will suit your height and bring you the most comfortable ride in the class. The FZ-Fi comes with a seat height of 790 mm and would be problematic in heavy traffic. First, you should pass the driving test and obtain a valid driving license and then going for Yamaha FZ-Fi would be a good option. Otherwise, the best bike in the same price segment would be the Bajaj Avenger 150 Street.