Japan’s Suzuki says to consider the effectiveness of intervention
Trending Articles- Gold Price Forecast: Gold Poised to Break $4,200 as Oil Price Slump Eases Inflation Fears
- Gold Price Forecast: Oil Price Breaking $100 Fuels Inflation Concerns, Will Gold Prices Fall Further?
- Gold rallies to over two-week high, eyes $4,150 as traders track US-Iran diplomacy efforts
- Middle East War updates: US-Iran pause strikes as Trump weighs up diplomatic options
- WTI climbs above $87.00 as Middle East conflict threatens key choke points
- Today’s Market Recap: Oil Breaks $100, Fueling Inflation Fears, as AI Capex Faces Scrutiny and Tesla’s 14% Plunge Drags Down Tech Sector
Japanese Finance Minister Shunichi Suzuki said on Friday that he will take action against excessive currency volatility when necessary.
Key quotes
Emphasizes importance of maintaining market trust in public finances.
Drop in Japan foreign reserves as of end-May partially reflect FX intervention.
Limit FX intervention use.
To address excessive currency volatility when necessary.
Refrains from commenting on intervention funds.
Proposes limiting tax rebate to this year.
To consider effectiveness of intervention.
No fund limit for FX intervention.
Market determines FX, reflecting fundamental.
Market reaction
At the time of writing, USD/JPY is trading 0.12% higher on the day to trade at 155.80.
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.
