Japan top currency diplomat says there is no limit to FX intervention resources

June 20, 2024 at 08:24AM

Will thoroughly respond to excessive FX moves

FX market is determined by various factors, including interest rate differentials

Recent FX intervention was quiet effective in responding to speculators

A bit of verbal jawboning there as USD/JPY continues to trickle higher since last week. The pair is holding just above 158.00 now, not much changed from before the comments above.

This article was written by Justin Low at www.forexlive.com.

Japan top currency diplomat says there is no limit to FX intervention resources