More from Japan Finance Minister Suzuki - analysing the impact of the strengthening yen
Comments from Suzuki are here from earlier:Japan finance minister Suzuki says rapid FX moves are undesirableReuters adds a little more:government will continue to analyse the impact of the strengthening yen on the economy and respond appropriatelysaid the stronger yen could affect the economy both positively and negatively through various channels, such as overseas sales of exporters and import costs on households and businessesnoted that the yen has been trading above an average 145 to the dollar that Japanese firms assume for the second half of the fiscal year, but their earnings and financial conditions have been generally healthy USD/JPY has swung around again today:I posted earlier on the idea that the FOMC will be concerned about yen-related volatility in its decision (opinion from Morgan Stanley) This article was written by Eamonn Sheridan at www.forexlive.com.
Comments from Suzuki are here from earlier:
Reuters adds a little more:
- government will continue to analyse the impact of the strengthening yen on the economy and respond appropriately
- said the stronger yen could affect the economy both positively and negatively through various channels, such as overseas sales of exporters and import costs on households and businesses
- noted that the yen has been trading above an average 145 to the dollar that Japanese firms assume for the second half of the fiscal year, but their earnings and financial conditions have been generally healthy
USD/JPY has swung around again today:
I posted earlier on the idea that the FOMC will be concerned about yen-related volatility in its decision (opinion from Morgan Stanley) This article was written by Eamonn Sheridan at www.forexlive.com.
