August 06, 2024 at 07:34AM
Offers no comment on market moves though
Government will work closely with BOJ
Shares view that Japan economy is making a moderate recovery
Closely watching FX moves, discussed it during meeting
Important for FX to move in stable manner, reflecting fundamentals
He adds that they held the meeting today as there were big moves in the stock market. That’s rather quintessential of them to ignore what was at one point yesterday a 2,000 pips move lower in USD/JPY over the past month. The meeting here is a symbolic one, meant to usher in some calm by perceiving that authorities are working to stay on top of things.
This article was written by Justin Low at www.forexlive.com.
Japan top currency diplomat says discussed big moves in markets with BOJ and FSA