- Japan’s Matsuno: Watching FX moves closely
Market news
15 June 2023
Japan’s Matsuno: Watching FX moves closely
Amidst the relentless rally in the USD/JPY pair, Japanese Chief Cabinet Secretary Matsuno is out with some verbal intervention to rescue the Yen.
Key quotes
Important for FX to move stably reflecting economic fundamentals.
No comment on every day-to-day FX moves.
Closely watching FX moves.
Desirable for forex to move in stable manner.
No change in stance that we will take appropriate action.
Volatile forex moves not desirable.
Market reaction
At the time of writing, USD/JPY is flirting with 141.00, shrugging off the above comments. The pair is up 0.62% on the day.
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