- Analytics
- News and Tools
- Market News
- Japan’s Top FX Diplomat Kanda: MOF will take appropriate steps on FX as needed
Japan’s Top FX Diplomat Kanda: MOF will take appropriate steps on FX as needed
Japan's top currency diplomat Masato Kanda, who will instruct the BOJ to intervene, when he judges it necessary, warned that recent movements in the foreign exchange market have been rapid, and authorities stand ready to take steps in the market if needed, per Bloomberg.
Key quotes
“Recent Yen moves are rapid.”
“Closely watching FX moves with a high sense of urgency.”
“Will take appropriate actions if needed on forex.”
“Ready to take action on forex anytime 24 hours all year around just like natural disaster.”
“Rapid forex moves could have adverse impact on economy.”
“Closely communicating with the Bank of Japan.”
“Up to the BOJ to decide monetary policy.”
“FX moves seem to be reflecting both fundamentals and speculative moves.”
“We perceive the Yen's fall by around 10 Yen a month as rapid.”
“Suggests appropriate responses to weak yen could include intervention.
Market reaction
At the time of writing, USD/JPY is trading at 150.64, losing 0.09% 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
