Japan PM Kishida: FX intervention not a contradiction of policy

Market news

26 October 2023

Japan PM Kishida: FX intervention not a contradiction of policy

Japanese Prime Minister Fumio Kishida said on Thursday that the “FX intervention is not a contradiction of policy of shifting money away from savings towards investment.”

Additional quotes

BOJ holds ETFs, JGBs as part of monetary policy

It is up to the BOJ to decide whether to sell its ETF holdings

Market reaction

At the time of writing, USD/JPY is prodding one-year highs at 150.49, up 0.16% on the day, with risks of an FX intervention growing.

NZD/USD moves below 0.5800, aims to reach November’s low

Singapore Industrial Production (YoY) above expectations (-4.8%) in September: Actual (-2.1%)

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