Japan’s Hayashi: Won't comment on forex levels or forex intervention
Trending Articles- Trump Blockade of Strait of Hormuz Drives Oil Price Surge, Will This Be Another TACO?
- Silver Price Forecasts: XAG/USD approaches $78.00 boosted by Iran peace hopes
- Nasdaq Index Rises for 10 Straight Days, Why Has Tesla Barely Risen?
- WTI jumps roughly 8% toward $100 as US blockades Strait of Hormuz
- WTI drifts higher to near $89.00 amid Lebanon-Israel ceasefire strains
- AUD/USD climbs above 0.7170 as truce hopes lift risk appetite
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday that he “won't comment on forex levels or forex intervention” but he “will be ready to take full response.”
Additional comments
Important for currencies to move in stable manner reflecting fundamentals.
Rapid FX moves undesirable.
Closely watching FX moves.
Expect the Bank of Japan (BoJ) to work closely with govternment.
Expect BoJ to conduct appropriate monetary policy to sustainably, stably hit its price target, working closely with govt.
Market reaction
USD/JPY is testing multi-decade highs near 155.50 despite the Japanese verbal intervention, up 0.04% on the day.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
