Japan govmt says closely watching speculative FX moves

A spokesman for the Japanese government with verbal intervention to prop up the yen:Won't comment on FX levelsimportant for currencies to move in a stable manner reflecting fundamentalsclosely watching FX moves with a high sense of urgency, including speculative moves. 'Speculative' is code for they are not happy.These comments follow similar earlier today:Yen intervention comments out of JapanUSD/JPY update, back near 150.00: This article was written by Eamonn Sheridan at www.forexlive.com.

Oct 18, 2024 - 08:15
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Japan govmt says closely watching speculative FX moves

A spokesman for the Japanese government with verbal intervention to prop up the yen:

  • Won't comment on FX levels
  • important for currencies to move in a stable manner reflecting fundamentals
  • closely watching FX moves with a high sense of urgency, including speculative moves.

'Speculative' is code for they are not happy.

These comments follow similar earlier today:

USD/JPY update, back near 150.00: This article was written by Eamonn Sheridan at www.forexlive.com.

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