Japan chief cabinet secretary Suga says no comment on FX levels

Author: Eamonn Sheridan | Category: News

Does say Japan economic fundamentals are firm 

  • Says G7, G20 have agreed excessive forex volatility can harm economy, markets 

That 'G7, G20' comment ... its taken a while to get to but a wee bit of jawboning form the admin ... 

Yen moving a little higher so Suga is going to have to do better than that.

And, here we go, a little more:
  • FX stability is important
  • Watching FX moves with sense of urgency

I posted this morning on an earlier jawboning attempt: The yen surge and the Minister's verbal intervention

Update - ye strength not helping the stock market in Japan today - Nikkei down to a 4 month low 

---

Long live cryptocurrencies? Five insights from the ASAC Fund


By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookies