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Japan verbal intervention in yen - 'important for FX to move stably'

Japan verbal intervention in yen - 'important for FX to move stably'
Comments on the rapid yen depreciation today from Japan chief cabinet secretary Matsuno Important for fx to move stably reflecting econ fundamentalsNo comment on every day-to-day fx movesClosely watching fx moves closelyDesirable for forex to move in stable mannerNo change in stance that we will take appropriate actionThis is weak sauce from Japan.Here's what to watch for that'll signal real intervention:The 4 phrases from Japanese officials to listen for signalling imminent yen intervention... Read More
Posted: Jun 15 2023, 02:06
Author Name: forexlive
Views: 081257

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