Japan's Finance Minister, Katsunobu Kato, stated on Friday that they will take appropriate action against excessive moves in the currency market. Kato expressed concern over recent one-sided and sharp fluctuations, emphasizing the importance of stable currency movements reflecting fundamental values. He further announced continued coordination with overseas authorities on forex policies. Following these comments, USD/JPY retraced toward 157.00, erasing earlier gains.
Japan’s Finance Minister Katsunobu Kato on Friday that they “will take appropriate action against excessive moves.” Additional quotes Important for currencies to move in stable manner reflecting fundamentals. Recently seeing one-sided, sharp FX moves. Concerned about recent FX moves. Will continue to coordinate with overseas authorities on forex policies. Market reaction USD/JPY is erasing gains, retreating toward 157.00 following these above comments.
03% 0.05% 0.07% 0.21% 0.15% 0.01% EUR -0.03% 0.00% 0.02% 0.04% 0.18% 0.13% -0.02% GBP -0.03% 0.00% 0.02% 0.04% 0.18% 0.13% -0.02% JPY -0.05% -0.02% -0.02% 0.04% 0.20% 0.11% -0.00% CAD -0.07% -0.04% -0.04% -0.04% 0.14% 0.09% -0.06% AUD -0.21% -0.18% -0.18% -0.20% -0.14% -0.05% -0.20% NZD -0.15% -0.13% -0.13% -0.11% -0.09% 0.05% -0.15% CHF -0.01% 0.02% 0.02% 0.00% 0.06% 0.20% 0.15% The heat map shows percentage changes of major currencies against each other.
JAPANESE YEN FOREIGN EXCHANGE CURRENCY MOVES FINANCE MINISTER JAPANESE ECONOMY
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