Japan senior official says no comment on forex then makes comments on forex

Author: Eamonn Sheridan | Category: News

Yes, really. Key takeaway is that these sorts of comments are made when Japanese authorities are getting concerned about a strengthening yen

Senior Ministry of Finance official
  • no comment on forex levels
  • forex stability is important
  • continue to watch forex markets with a sense of urgency
That 'stability' word - what the official means is the ministry is concerned about a rising yen. One of the impacts is it weighs on the stock market, reduced the competitiveness of exporters and is a negative for the share prce. 

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