Dramatic Forex Moves are not Good, According to a Japanese Official

The Japanese authorities' scolding continues, with an anonymous official stating on Wednesday that sudden foreign exchange fluctuations are not desirable.

June 22, 2022 - 12:02 PM 234 views

Dramatic Forex Moves are not Good, According to a Japanese Official

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© Dramatic Forex Moves are not Good, According to a Japanese Official

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The Japanese authorities' scolding continues, with an anonymous official stating on Wednesday that sudden foreign exchange fluctuations are not desirable.

Additional Comments

There is no comment on the FX levels.

The administration would make every effort to gradually implement planned inflation policies.

It is important to pay attention to the deteriorating feeling brought on by price increases, declining private consumption, and business activity.

The Market Reaction

In response to the market, the USD/JPY is continuing its decline from the 24-year highs of 136.71 set in the US last session. The currency pair is currently trading at 136.17, down 0.33 percent on the day.

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