Japan’s Top FX Diplomat Kanda: No plan to issue statement on forex today

Market news

27 March 2024

Japan’s Top FX Diplomat Kanda: No plan to issue statement on forex today

Japan's top currency diplomat Masato Kanda said on Wednesday that the government has “no plan to issue statement on forex today.”

He add that there is “no need to hold three-party talks of government, the Bank of Japan (BoJ) and Financial Services Agency (FSA) on forex.”

Also read: Japanese Yen bounces off multi-decade low after Japan's verbal intervention

Market reaction

USD/JPY is holding its corrective downside intact at around 151.70, still gaining 0.10% on the day.

Sweden Trade Balance (MoM) down to 9.3B in February from previous 13.3B

GBP/JPY loses ground below the mid-191.00s after BoJ’s verbal intervention

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