- Analytics
- News and Tools
- Market News
- Japan’s Suzuki: FX stability is important, rapid moves are undesirable
Japan’s Suzuki: FX stability is important, rapid moves are undesirable
Japanese Finance Minister Shunichi Suzuki reiterated on Tuesday that FX stability is important and that rapid moves are undesirable.
Additional quotes
Want to respect the independence of BOJ, expects BOJ to guide policy appropriately.
Expect BOJ to steer monetary policy appropriately to achieve the 2% inflation target.
Divergence of monetary policy between Japan and the US helps cause gap in interest rates.
Won't comment to what levels we can tolerate on weak yen.
No comment on FX levels.
FX stability is important, rapid moves are undesirable.
Closely watching the impact of forex moves on Japan's economy and financial markets.
The Japanese government will respond appropriately to exchange rates while following the G7 agreement on Currencies and while keeping in close communication with the US and other authorities.
Market reaction
USD/JPY is gaining ground alongside risk appetite, as Bitcoin recaptures $30,000 level and offers some reprieve to the financial market.
The pair is currently trading at 130.35, up 0.08% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
