Japan’s Top FX Diplomat Kanda: Will thoroughly respond to excessive forex moves

Market news

20 June 2024

Japan’s Top FX Diplomat Kanda: Will thoroughly respond to excessive forex moves

Japan’s top currency diplomat Masato Kanda said on Thursday that the government “will thoroughly respond to excessive forex moves.”

Additional quotes

There is no limit for forex intervention resources.

Forex market is determined by various factors including interest rate gap.

Forex intervention announced in end of may was quite effective in responding to excessive FX moves caused by speculators.

Market reaction

The above comments fail to inspire the Japanese Yen, as USD/JPY keeps pushing higher to trading 0.09% higher to near 158.25, as of writing.

Greece Current Account (YoY) increased to €-2.688B in April from previous €-2.694B

SNB cuts Deposit Rate to 1.25%, as expected

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.