- LDP’s Katayama: Japan lacks effective means to combat yen's sharp falls
Market news
15 September 2022
LDP’s Katayama: Japan lacks effective means to combat yen's sharp falls
Japan’s ruling Liberal Democratic Party (LDP) official Satsuki Katayama said on Thursday that the Japanese authorities lack “effective means to combat yen's sharp falls.”
He said that “conducting solo fx intervention likely won't be that effective in stemming sharp yen falls.”
Market reaction
USD/jPY is unperturbed by the latest comments from the Japanese official, as it is keeping its range around 143.40, adding 0.16% on the day.
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