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Japan Finance Minister Kato verbal intervention effort trying to support the yen

  • December 24, 2024
  • -FCHFX

December 24, 2024 at 01:32AM
Japan Finance Minister Kato with some typical verbal intervention efforts:

Says it is important for currencies to move in a stable manner reflecting fundamentals

Recently seeing one-sided, sharp FX moves

Concerned about recent FX moves

Will continue to coordinate with overseas authorities on forex policies

Will take appropriate action against excessive moves

Kato’s comments on renewed yen weakness.

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

Japan Finance Minister Kato verbal intervention effort trying to support the yen
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