Japan’s top currency diplomat Masato Kanda is back on the wires on Monday, unwilling to comment again on whether there was FX intervention.
Additional comments “Will continue to take appropriate action against excessive forex moves.” “Don't have a specific level in mind about appropriate forex level.” “Speculative, rapid, abnormal FX moves have bad impact on the economy, so unacceptable.” “Ready to respond 24 hours, 365 days,” when asked whether Japan was ready to take action in the FX market. Market reaction At the time of writing, USD/JPY keeps its recovery mode intact near 155.80, having tested 154.
The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s Top FX Diplomat Kanda: Won't comment now on interventionJapan’s top currency diplomat Masato Kanda said on Monday that I won't comment now” when asked by reporters about the market view that Japan intervened in the currency market this morning.
Read more »
Japan’s Top FX Diplomat Kanda prepares to take necessary steps on rapid Yen fallJapan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, warned that he prepared to take necessary actions whenever possible to respond to the excessive weakness of the Japanese Yen (JPY).
Read more »
YG Marley Lands in Top 3, Madison Beer in Top 10 in TikTok Billboard Top 50On ‘TikTok Billboard Top 50,’ YG Marley’s “Crazier In The Moonlight” jumps into the Top 3, and Madison Beer lands in Top 10 with “Make You Mine.” Alek Olsen remains at No. 1 for the fourth week consecutively with “Someday I’ll Get It.”
Read more »
Top French diplomat arrives in Lebanon in attempt to broker a halt to Hezbollah-Israel clashesFrench Foreign Minister Stéphane Séjourné has arrived in Lebanon as part of diplomatic attempts to broker a de-escalation in the conflict on the Lebanon-Israel border.
Read more »
Top French diplomat arrives in Lebanon in attempt to broker a halt to Hezbollah-Israel clashesFrench Foreign Minister Stéphane Séjourné has arrived in Lebanon as part of diplomatic attempts to broker a de-escalation in the conflict on the Lebanon-Israel border.
Read more »
Top French Diplomat Lands in Beirut to Push for Deescalation of Conflict on Lebanon-Israel BorderSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »