- Japan PM Kishida: Excess FX volatility based on speculation cannot be tolerated
Market news
19 October 2022
Japan PM Kishida: Excess FX volatility based on speculation cannot be tolerated
Japanese Prime Minister Kishida warned on Wednesday that “excess FX volatility based on speculation cannot be tolerated.”
Additional quotes
“No comment on FX.”
“Need to take appropriate action against excess forex move.”
Market reaction
Kishida’s comments come as USD/JPY is gradually closing in on the 150.00 mark, trading at the highest level since the 1990s, at the time of writing.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page