Japan’s Hayashi: Won't comment on forex levels or forex intervention
Trending Articles- $4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar
- Gold Price Trend Forecast: Gold Price Risks Falling Below $4,000, PCE Data Is Key
- Bitcoin network activity hits new high despite stalled prices — CryptoQuant
- WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the key
- Deutsche Bank Slashes Gold Price Forecast by 22%: Wall Street Bulls Retreat, Fed Rate Hike Expectations Become Biggest Drag
- Qatar and Pakistan: High-level committee agrees on roadmap to final deal within 60 days
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.
