Japan’s Suzuki says to consider the effectiveness of intervention
Trending Articles- Gold Price Forecast: XAU/USD holds positive ground above $4,100 as Fed rate cut expectations rise
- Gold hits three-week top as dovish Fed bets offset US government reopening optimism
- Australian Dollar receives support following cautious remarks from RBA Hauser
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP flash deeper downside risks as market selloff intensifies
- Australian Dollar declines as US Dollar gains amid nearing government shutdown end
- CoreWeave Q3 2025 Earnings Analysis: Short-Term Hypergrowth vs. Long-Term Leverage Risks—Trading Opportunity or Trap?
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.
