- Analytics
- News and Tools
- Market News
- Japan’s Seiji: Ready to take necessary steps if recent FX moves continue
Japan’s Seiji: Ready to take necessary steps if recent FX moves continue
Japan’s Deputy Chief Cabinet Secretary Kihara Seiji said on Thursday, they are ready to take necessary steps if recent FX moves continue.
Additional comments
No comment on day-to-day forex moves.
Important for currencies to move stably reflecting economic fundamentals.
Sharp fx fluctuations not desirable.
Concerned by rapid, one-sided currency moves.
Watching FX moves with a high sense of urgency.
Ready to take necessary steps if recent FX moves continue.
Will not comment on specific market views, when asked about possibility of FX intervention.
Will make decision and appropriate time as necessary, based on situation regarding both economic sentiment and inflation when asked about supplementary budget.
His comments come as the meeting between the country’s Finance Ministry (MOF), the Bank of Japan (BOJ) and Financial Services Agency (FSA) officials begin at 0745 GMT.
Market reaction
At the time of writing, USD/JPY is trading at 143.77, trading 0.05% 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
