Japan’s Hayashi: Won't comment on forex levels or forex intervention

FXStreet
Updated Apr 25, 2024 03:58
Mitrade

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.

* 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.

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