Japan’s Hayashi: Will take appropriate steps on excessive FX moves

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USDJPY News

Japan,Currencies

Japan’s Chief Cabinet Secretary Hayashi echoed comments from the country’s Finance Minister Shunich Suzuki on Wednesday, noting that he “will take appropriate steps on excessive fx moves.“ Additional quotes Won't comment on forex levels and potential FX intervention.

Japan’s Chief Cabinet Secretary Hayashi echoed comments from the country’s Finance Minister Shunich Suzuki on Wednesday, noting that he “will take appropriate steps on excessive fx moves.“ Additional quotes Won't comment on forex levels and potential FX intervention. Important for currencies to move in stable manner reflecting fundamentals. Rapid FX moves undesirable. Market reaction Following these comments, USD/JPY is losing 0.23% on the day to trade near 160.

10% -0.06% -0.26% -0.04% -0.10% 0.03% -0.08% EUR 0.10% 0.03% -0.15% 0.04% 0.00% 0.09% 0.00% GBP 0.06% -0.03% -0.18% 0.01% -0.02% 0.10% -0.01% JPY 0.26% 0.15% 0.18% 0.20% 0.14% 0.24% 0.18% CAD 0.04% -0.04% -0.01% -0.20% -0.07% 0.06% -0.04% AUD 0.10% -0.00% 0.02% -0.14% 0.07% 0.13% 0.00% NZD -0.03% -0.09% -0.10% -0.24% -0.06% -0.13% -0.10% CHF 0.08% -0.01% 0.01% -0.18% 0.04% 0.00% 0.10% The heat map shows percentage changes of major currencies against each other.

 

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