Japan’s Suzuki says to consider the effectiveness of intervention
Trending Articles- Silver Price Forecast: XAG/USD surges to record high above $56 amid bullish momentum
- Bitcoin Price Forecast: BTC extends recovery as ETF records positive flows
- Silver Price Forecast: XAG/USD bulls remain focused on the $54.40 level
- U.S. PCE and 'Mini Jobs' Data in Focus as Salesforce (CRM) and Snowflake (SNOW) Report Earnings 【The week ahead】
- Australian Dollar extends gains as traders expect RBA to hold rates
- NZD/USD jumps above 0.5650 as RBNZ cuts OCR to 2.25%
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.
