Japan’s Top FX Diplomat Kanda has no comment on whether Japan intervened in the FX market

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Japan's top currency diplomat Masato Kanda, who will instruct the BOJ to intervene, when he judges it necessary, has no comment on whether Japan inter

vened in the FX market“One-sided, big moves would be considered excessive move.”“Won't comment on whether yesterday's move was excessive.”

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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The NZD/USD pair remains on the defensive above the 0.5900 area during the early Asian session on Wednesday. Markets turn cautious ahead of the Reserve Bank of New Zealand monetary policy meeting, with no change expected.

 

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