Japanese PM Fumio Kishida put the market on notice today that he will take action if there are any further excessive moves in the value of the Yen.
The Japanese Yen picked up a small bid in early European trade after PM Kishida warned fx markets that officials will take appropriate action if there are any further ‘excessive fx moves.’ In what is a verbal warning to Yen speculators, PM Kishida outlined how excessive volatility and disorderly FX moves could hurt financial stability and the Japanese economy and won’t be tolerated.
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