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Japan likely won't intervene to reverse yen downtrend - Japan ex-top FX diplomat

Japan former top currency diplomat Naoyuki Shinohara spoke with Reuters. Highlights:Japan likely won't seek to reverse the yen's downtrend with exchange-rate intervention as recent falls reflect economic fundamentals, former top currency diplomat Naoyuki Shinohara told Reuters. There is no set rule or shared agreement among G7 advanced nations on what kind of currency moves are defined as "excess volatility" that justify intervention, "Usually, when you talk about excess volatility you have...
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Posted: Oct 9 2023, 00:12
Author Name: forexlive
Views: 082779