Japan’s Suzuki expresses strong concern over negative effects of weakened Yen
Trending Articles- Silver Price Forecast: Trump Signals Rapid Progress in US-Iran Negotiations, Bulls Target $90
- Forex Today: Yet to be confirmed US-Iran MOU caps US Dollar's upside
- Gold declines below $4,500 as Iran tensions stoke inflation fears and bolster Fed hike bets
- Fed’s Powell says credibility lost if President can fire officials
- $1.5 Billion in Crypto Assets Liquidated, Bitcoin Falls Below $66,000 Mark. What Is the Reason?
- WTI rises to near $93.00 as Iran launches missiles toward Kuwait, Bahrain
Japanese Finance Minister Shunichi Suzuki said on Tuesday that he has a strong concern over the negative effects of weakened Yen and he will take all necessary measures on foreign exchange (FX) as required.
Key quotes
emphasizes stability in FX movements to reflect fundamentals
opposes undesirable excessive currency fluctuations
to take all necessary measures on foreign exchange as required
expresses strong concern over negative effects of weakened yen
prioritizes wage growth above inflation
refrains from commenting on government intervention in markets
Important for currencies to move in stable manner reflecting fundamentals
is closely watching FX moves
weak yen boosts exporters' profits but it increases the burden on consumers
is more concerned about the negative impact of a weak yen
Market reaction
These comments have little to no market reaction to the Japanese Yen (JPY). At the time of writing, USD/JPY is trading 0.04% lower on the day to trade at 156.84.
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.
