• Japan’s Suzuki: Will watch forex moves closely and take appropriate action

Market news

13 tháng 11 2023

Japan’s Suzuki: Will watch forex moves closely and take appropriate action

Japanese Finance Minister Sunichi Suzuki is out with some verbal intervention, as the Yen sits at yearly highs against the US Dollar at the start of the week on Monday.

Additional quotes

Sudden forex moves are undesirable.

No comment on currency levels.

Currency rates should be set by markets reflecting fundamentals.

Market reaction

At the time of writing, USD/JPY is trading 0.19% higher on the day at 151.80, shrugging off the jawboning.

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.