- Japan’s Top FX Diplomat Kanda: We are always ready to take necessary steps against excess FX volatility
Noticias del mercado
11 octubre 2022
Japan’s Top FX Diplomat Kanda: We are always ready to take necessary steps against excess FX volatility
As USD/JPY gyrates near the pre-intervention levels of 145.90 this Tuesday, Japan’s top currency diplomat Masato Kanda came out with a bit of a jawboning.
Kanda said that “we are always ready to take necessary steps against excess FX volatility.”
“i can make a decision on fx intervention anywhere, even from an airplaine,” he added.
Market reaction
USD/JPY is trading modestly flat on the day at around 145.70, with 20 pips away from the critical level.
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USD/JPY Price Analysis: Approaches Japan's trigger for intervention inside monthly rising wedge
Enfoque del mercado
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