May 10, 2022 - 11:48 AM 268 views
Tuesday, Japan's finance minister, Shunichi Suzuki, repeated that "Forex
market (FX) stability is vital and that accelerated moves are not favourable to
should respect the liberty of the Bank of Japan (BoJ) and we hope the BoJ
guides monetary policy in the right direction.
forecast the BOJ to drive monetary policy in the right direction to accomplish
the 2% inflation goal.
disparity in monetary policies between Japan and the USA will result in causing
a gap in interest rates.
are not allowed to comment on what levels we are ready to accept the weakness
of the Japanese Yen currency.
specific comments on the Forex market's (FX) range
FX stability is vital and rapid movements are not favorable.
are closely keeping an eye on the impact of forex (FX) moves on Japan’s
financial activities and economy.
Japanese government will acknowledge exchange rates at the appropriate time,
while adhering to the G7 currency agreement and maintaining close contact with
the United States and other authorities.
The Market Reaction
Bitcoin reclaims the $30,000 level and provides some relief to the financial
market, the USD/JPY is gaining pace alongside risk appetite.
Now, the USD/JPY pair is trading at
130.45, above 0.08% in a day.