Japan’s top currency diplomat Masato Kanda said on Monday that they “Will continue to take appropriate action against excessive, disorderly market moves.”
Won't comment on whether we intervened in fx market.
Will continue to take appropriate action against excessive, disorderly market moves.
Demerits far outweigh advantages for excessive yen weakness.
The news failed to tame USD/JPY prices as the yen pair takes the bids to reverse Friday’s pullback from the 32-year high, grinding higher around 149.20 by the press time.