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Japanese Fin Min Suzuki says rapid FX moves are undesirable, won't rule out any options
Verbal intervention efforts from Japanese Finance Minister Suzuki:Rapid FX moves are undesirableWon't rule out any options vs excessive FX movesIts important that FX move stably reflecting fundamentalsUSD/JPY had been dropping lower prior to his comments:These are fairly mild comments from Suzuki. Check this out:The clear signals to watch for imminent Bank of Japan FX yen interventionAlso, JPM say actual intervention won't occur until around 155:JP Morgan forecasts USD/JPY to as high as 155 befo...
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Posted: Sep 8 2023, 00:51
Author Name: forexlive
Views: 112581