September 17, 2024 at 03:26AM
Comments from Suzuki are here from earlier:
Japan finance minister Suzuki says rapid FX moves are undesirable
Reuters adds a little more:
government will continue to
analyse the impact of the strengthening yen on the economy and
respond appropriately
said the stronger yen could affect the economy both
positively and negatively through various channels, such as
overseas sales of exporters and import costs on households and
businesses
noted that the yen has been trading above an average 145
to the dollar that Japanese firms assume for the second half of
the fiscal year, but their earnings and financial conditions
have been generally healthy
USD/JPY has swung around again today:
I posted earlier on the idea that the FOMC will be concerned about yen-related volatility in its decision (opinion from Morgan Stanley)
This article was written by Eamonn Sheridan at www.forexlive.com.