- Japan’s Top FX Diplomat Kanda: Closely watching forex moves, will respond appropriately if necessary
Market news
30 May 2023
Japan’s Top FX Diplomat Kanda: Closely watching forex moves, will respond appropriately if necessary
Following the emergency meeting between the Bank of Japan (BoJ), Ministry of Finance (MoF) and Financial Services Agency (FSA), Japan’s top currency diplomat Masato Kanda said on Tuesday that “officials are watching forex moves closely.”
Additional comments
Important for currencies to move stably reflecting economic fundamentals.
Not focusing on any forex levels specifically.
Closely watching forex moves, will respond appropriately if necessary.
Market reaction
At the time of writing, USD/JPY is bouncing back toward 140.50, reversing a dip to 104.13, still down 0.19% on the day.
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