Japan’s Hayashi: Won't comment on forex levels or forex intervention
Trending Articles- Gold slumps below $4,800 on renewed Strait of Hormuz tensions
- How Will the U.S.-Iran Situation Evolve? What Is Behind the Nasdaq’s Record High?
- Gold holds steady above $4,800 amid US-Iran ceasefire uncertainty
- JPMorgan Raises S&P 500 Target; Can AI Sector Continue to Drive US Stocks?
- Australian Dollar receives support after Trump extends ceasefire with Iran
- WTI sticks to positive bias above $92.00 amid Middle East tensions
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.
