Japan’s Hayashi: Won't comment on forex levels or forex intervention
Trending Articles- US President Donald Trump says Iran talks to begin Monday after canceling attack
- Gold rallies to two-week high as USD softens on Iran deal hopes, receding Fed hike bets
- Australian Dollar remains calm following Trade Balance data
- WTI trades with positive bias below mid-$79.00s on Iran uncertainty, supply concerns
- Bitcoin Falls Below $63,000; Can US-Iran Negotiations Reverse the Downtrend?
- WTI holds losses around $82.50 on renewed US-Iran diplomatic hopes
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.
