Japan'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).
Japan '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 Japan ese Yen . Key quotes “Recent yen moves are rapid.” “Won't rule out any steps to respond to disorderly FX moves.” “Prepared to take necessary actions whenever possible.” “Won't comment whether overnight forex moves are excessive.
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.
Japan Macroeconomics Centralbanks
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 FX tsar Kanda says speculation behind weak yen, ready to take actionJapan's top currency diplomat on Monday warned against speculators trying to sell off the yen, saying its weakness did not reflect fundamentals.
Read more »
'Mr Yen' says Japan could intervene if yen falls to 155Eisuke Sakakibara, known as 'Mr Yen' for his previous influence on the Japanese currency. He is a former Japan vice-minister for finance and international affairs.
Read more »
Japan’s Top FX Diplomat Kanda: Closely watching FX moves with high sense of urgencyJapan's top currency diplomat Masato Kanda, who will instruct the BOJ to intervene, when he judges it necessary, warned that he will take appropriate steps to respond to the excessive weakness of the Japanese Yen without excluding any measures.
Read more »
Clark scores 32 as top seed Iowa survives to top West Virginia, 64-54Caitlin Clark scored 32 points and No. 1 seed Iowa survived one of its worst offensive performances of the season to beat No. 8 seed West Virginia 64-54 on Monday night in a women’s NCAA Tournament second-round game. The Hawkeyes (31-4) advanced to play No. 5 seed Colorado in Saturday’s Albany 2 Regional semifinal.
Read more »
Dogecoin (DOGE) at $1? Here's Why Traders See It ThereNumerous top-tier traders seeing Dogecoin at top in foreseeable future, here's why
Read more »
Djo Back at No. 1 on TikTok Billboard Top 50, Dasha Reaches Top 10Djo's 'End of Beginning' is back at No. 1 on the TikTok Billboard Top 50 chart for a second week. Get the details.
Read more »