• Japan’s Hayashi believes forex should reflect fundamentals

Market news

16 July 2024

Japan’s Hayashi believes forex should reflect fundamentals

Japanese Chief Cabinet Secretary Yoshimasa Hayashi is out with some verbal intervention, as the Yen once again sees heavy selling pressure against the US Dollar early Tuesday.e

Key quotes

No comment on forex intervention.

Believe forex should reflect fundamentals.

Market reaction

USD/JPY is holding higher ground near 158.65 on these above comments, adding 0.40% on the day.

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.