Japan’s Isozaki: Exchange rate stability is 'extremely important'

Market news

20 October 2021

Japan’s Isozaki: Exchange rate stability is 'extremely important'

When commenting on the yen’s decline, Yoshihiko Isozaki, the Japanese Deputy Chief Cabinet Secretary, said on Wednesday, the exchange rate stability is important and, therefore, they will monitor currency movements carefully.

Key quotes

“Govt watching currency moves carefully.”

“Exchange rate stability is 'extremely important.

“Weak yen, rising energy costs, risk cooling consumption.”

Market reaction

USD/JPY was last seen trading at 114.50, up 0.14% on the day.

Currencies. Daily history for Wednesday, October 20, 2021

Commodities. Daily history for Tuesday, October 19, 2021

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