Japan's Hayashi: Prepared to take all measures on FX

Market news

16 April 2024

Japan's Hayashi: Prepared to take all measures on FX

Japan's Chief Cabinet Secretary Yoshimasa Hayashi is out with comments on Tuesday, saying that is important for currencies to move in a stable manner reflecting fundamentals.

Additional Quotes:

Won't comment on forex levels, currency intervention
Excessive FX volatility is undesirable.
Closely watching FX moves.
Prepared to take all measures on FX.

Market Reaction:

The Japanese Yen (JPY) is seen consolidating its recent slump to a 34-year low against its American counterpart, with the USD/JPY pair holding steady above the 154.00 mark during the Asian session on Tuesday.

PBoC sets USD/CNY reference rate at 7.1028 vs 7.0979 previous

Japan's Suzuki: Closely watching FX moves; will take all possible measures

Market Focus

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