- Analytics
- News and Tools
- Market News
- Japan’s Suzuki: G20 summary likely to reaffirm FX commitment
Japan’s Suzuki: G20 summary likely to reaffirm FX commitment
“The Group of 20 key nations (G20) is likely to say many currencies have moved significantly this year with increased volatility, reaffirm fx commitment in Chair Summary,” said Japanese Finance Minister Shunichi Suzuki on Friday.
While speaking from the Washington DC, Japan’s Suzuki also mentioned that G20 chair Indonesia likely to issue summary of this meeting's discussion at a later date.
Additional comments
There was no discussion at G7 on what coordinated steps should be taken to address market volatility.
Want to take appropriate action vs excess fx volatility, when asked whether Japan could intervene to prop up yen.
Sid not hold bilateral meeting with US Treasury Secretary Yellen this time.
Has shown clear understanding toward japan's fx intervention last month.
Market implications
The otherwise unimportant news gained attention of the USD/JPY traders as the yen pair jumped to the fresh high since 1998 the previous day, raising expectations of Japan’s intervention. That said, the quote traders firmer around 147.25 by the press time.
Also read: Forex Today: Dramatic U-turn after US inflation misses expectations
© 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
