- Japan’s Top FX Diplomat Kanda: No change in stance that we are ready to take necessary action 24-7
Market news
23 October 2022
Japan’s Top FX Diplomat Kanda: No change in stance that we are ready to take necessary action 24-7
Japan’s top currency diplomat Masato Kanda said on Monday that they “Will continue to take appropriate action against excessive, disorderly market moves.”
More comments
Won't comment on whether we intervened in fx market.
Will continue to take appropriate action against excessive, disorderly market moves.
Demerits far outweigh advantages for excessive yen weakness.
USD/JPY renews upside momentum
The news failed to tame USD/JPY prices as the yen pair takes the bids to reverse Friday’s pullback from the 32-year high, grinding higher around 149.20 by the press time.
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