Japan fin min Kato with verbal intervention on JPY – recent one-side sharp yen moves

December 20, 2024
-FCHFX

December 20, 2024 at 12:48AM
Japan fin min Kato with verbal intervention on yen

No comment on FX levels

Recently seeing one-sided, sharp moves

Important for currencies to move in a stable manner reflecting fundamentals

Will take appropriate action against excessive moves

Concerned about recent FX moves, including those driven by speculation

****

Kato seems to have taken advice that saying hot words like:

one-sided,

sharp moves,

speculation

will encourage market participants to take his threats more seriously. Unfortunately he says them a lot, prompting a ‘boy who cried wolf’ response. No one cares too much.

USD/JPY is around 157.85 or so, barely off its session high.

This article was written by Eamonn Sheridan at www.forexlive.com.

Japan fin min Kato with verbal intervention on JPY – recent one-side sharp yen moves

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