June 07, 2024 at 01:27AM
Japan finance minister Suzuki
Need to maintain market faith in Japan’s fiscal policy amid shift to
interest rates in positive territory
Drop in japan
foreign reserves as of end-May partially reflect fx intervention
Will take action
against excessive forex moves
Forex intervention
was conducted to address excessive moves
Forex intervention
should be done in restrained manner
Not taking into account limit to reserves for FX intervention
Intervention should be done while taking into account necessity and effectiveness
USD/JPY is popping a little:
On Japan’s reserves:
At the end of May were USD1.23tln vs. USD1.28 tln at the end of April
This article was written by Eamonn Sheridan at www.forexlive.com.
Japan finance minister Suzuki says will take action against excessive FX moves