Japan ready to take action vs excessive yen volatility, says finance minister

FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo/File Photo

With the BOJ's policy rate still stuck around zero, expectations the gap between U.S. and Japanese interest rates will remain wide are giving traders an excuse to keep selling the yen, analysts said. "It's important for currency rates to move stably reflecting fundamentals. Excessive volatility is undesirable," he said.

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Japan Finance Minister says it's difficult to comment on chance of FX interventionTOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that it's difficult to comment on the possibility of currency intervention, when asked about the chance of such action by authorities to stem the yen's weakness.
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แหล่ง: ChannelNewsAsia - 🏆 6. / 66 อ่านเพิ่มเติม »