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  • Japan Matsuno: Important That FX Move Stably Reflecting Fundamentals: To Respond Appropriately If Necessary

Added at 10:37pm

Added at 10:39pm

  • Japan’s Matsuno: Won't rule out any options for response to FX moves

    From fxstreet.com

    Japan’s Chief Cabinet Secretary Hirokazu Matsuno told a news conference on Thursday, he “won't rule out any options for response to FX moves.” Additional comments: Important for FX to move stably reflecting fundamentals. Will respond appropriately to FX moves if necessary. Expect BoJ to closely communicate with govt, continue to take appropriate monetary policy. Share mutual understanding with international authorities that excessive FX move undesirable. Market reaction: USD/JPY is trading on the back foot near 148.25 following the Japanese verbal intervention, down 0.05% on the day.

words..
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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Quoting eqshack
words..
They literally just intervened at this exact level a year ago… if it continues to unilaterally move upwards it’s only a matter of time before they do so again. Don’t keep any long term trades in and take profits early.
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Wednesday - Mr. Mansato Khanda
Thursday - This guy ( I hope going forward)
Friday - Japan Finance Minister

I need 2 more guys from Japan to remember me the day . Please Japan do something for me.
Yen is moving. Intervention has begun.
If the intervention starts at least 300-400 pips
Bakker, you may be right. It seems, it may be gradual this time.
TheWraith, please say something. You are welcome.
I think BOJ will come with a big push closer to closing time. Just a guess.
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  • Story Stats
  • Posted: Sep 20, 2023 10:35pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 8  /  Views: 5,105