Japan’s Top FX Diplomat Kanda: Closely watching FX moves with high sense of Urgency

Market news

19 September 2023

Japan’s Top FX Diplomat Kanda: Closely watching FX moves with high sense of Urgency

Japan's top currency diplomat Masato Kanda came out with verbal intervention remarks early Wednesday, according to Reuters.

Key quotes

“Dealing appropriately with FX moves”

“Closely communicating with us, overseas FX authorities”

“Closely watching FX moves with high sense of urgency”

“Japan is closely communicating with US authorities over forex on a regular basis”

“Shared mutual understanding that excessive forex move undesirable”

Market reaction

At the time of writing, USD/JPY is trading at 147.70 down 0.10% on the day.

Japan Merchandise Trade Balance Total below forecasts (¥-659.1B) in August: Actual (¥-930.5B)

USD/PLN heading higher as Poland fumbles pre-election markets

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 disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.