- Japan’s Top FX Diplomat Kanda: There is view that speculative Yen short positions unwinding rapidly
Market news
13 July 2023
Japan’s Top FX Diplomat Kanda: There is view that speculative Yen short positions unwinding rapidly
Japan's top currency diplomat Masato Kanda came out with a verbal intervention, as the Japanese Yen is on a recovery mode so far this week.
Key quotes
Closely watching FX market moves.
There is view that speculative Yen short positions unwinding rapidly.
There is view that deflationary norm may be changing.
Market reaction
At the time of writing, USD/JPY is trading at 138.35, down 0.12% on the day.
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