Japan’s Kato: Will take appropriate action vs. excessive FX moves

Market news

15 November 2024

Japan’s Kato: Will take appropriate action vs. excessive FX moves

Japan’s Finance Minister Katsunobu Kato on Friday that he “will take appropriate action vs. excessive FX moves.”

Additional quotes

One-sided, sharp moves seen in the FX market.

It is important for FX rates to move stably, reflecting fundamentals.

Govt will scrutinise the FX market with very high vigilance, including speculative moves.

Market reaction

USD/JPY is paring back gains to trade near 156.50 following these above comments, still up 0.18% on the day.

Indonesia Exports came in at 10.25%, above forecasts (3.84%) in October

China’s October Retail Sales beat estimates, Industrial Production disappoints

Market Focus

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