Japan’s Kato: Alarmed over FX moves, including those driven by speculators
Japanese Finance Minister Katsunobu Kato said on Tuesday that he is “alarmed over FX moves, including those driven by speculators.”
Additional quotes
Won’t comment on forex levels.
Important for currencies to move in a stable manner reflecting fundamentals.
Aware of reported plan on new tax, no specific plan in mind to use this as a new funding source.
Believe the ruling parties, opposition will deepen discussions on funding source as they plan to abolish gasoline surcharge tax.
Interest rates are determined by various factors
Will closely monitor jgb market movements, will pursue appropriate debt management.
Discussing how to request debt servicing costs for budget next fiscal year.
Market reaction
At the time of writing, USD/JPY is losing 0.34% on the day to trade near 147.30, little moved by these above comments.
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.21% | -0.18% | -0.43% | -0.07% | -0.05% | 0.04% | -0.13% | |
| EUR | 0.21% | 0.10% | -0.10% | 0.15% | 0.21% | 0.49% | 0.12% | |
| GBP | 0.18% | -0.10% | -0.20% | 0.07% | 0.16% | 0.38% | 0.01% | |
| JPY | 0.43% | 0.10% | 0.20% | 0.29% | 0.25% | 0.62% | 0.09% | |
| CAD | 0.07% | -0.15% | -0.07% | -0.29% | 0.03% | 0.31% | -0.20% | |
| AUD | 0.05% | -0.21% | -0.16% | -0.25% | -0.03% | 0.09% | -0.24% | |
| NZD | -0.04% | -0.49% | -0.38% | -0.62% | -0.31% | -0.09% | -0.37% | |
| CHF | 0.13% | -0.12% | -0.01% | -0.09% | 0.20% | 0.24% | 0.37% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Recommended Articles
