Japan’s Top FX Diplomat Kanda: Will not comment on whether we are intervening now or have intervened today

Market news

20 October 2022

Japan’s Top FX Diplomat Kanda: Will not comment on whether we are intervening now or have intervened today

Japan’s top currency diplomat Masato Kanda said on Thursday that they “will not comment on whether we are intervening now or have intervened today.”

Additional comments

“We are always ready to take action in the forex market.”

“Excessive and disorderly forex moves have a negative impact on the economy.”

“Will not comment on forex levels.”

Market reaction

The Japanese yen has shrugged off the above comments, with USD/JPY trading almost unchanged on the day at 149.85, as of writing.

Currencies. Daily history for Thursday, October 20, 2022

Commodities. Daily history for Wednesday, October 19, 2022

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