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- BOJ Official: Rapid, short-term moves in forex market are undesirable
BOJ Official: Rapid, short-term moves in forex market are undesirable
The Bank of Japan (BOJ) Osaka branch manager said on Monday that the rapid and short-term moves in forex market, as seen recently, are undesirable.”
Additional comments
“Very important for forex to move stably reflecting fundamentals.”
“Must be mindful impact of forex moves will depend on business structure, size of each entity.”
Market reaction
USD/JPY keeps its range around 137.00, unfazed by the above comments by the BOJ official. The spot is up 0.68% on a daily basis.
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