Japan's Matsuno: Worried About the Recent, Rapid Fall of the Yen

Japanese Chief Cabinet Secretary Hirokazu Matsuno appeared on the wires via Reuters just after the USD/JPY pair spiked to 138.00, attempting to verbally intervene.

July 14, 2022 - 11:39 AM 272 views

Japan's Matsuno: Worried About the Recent, Rapid Fall of the Yen

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© Japan's Matsuno: Worried About the Recent, Rapid Fall of the Yen

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Japanese Chief Cabinet Secretary Hirokazu Matsuno appeared on the wires via Reuters just after the USD/JPY pair spiked to 138.00, attempting to verbally intervene.

Important Quotes

We were worried by the recent, swift Yen depreciation.

Cooperating with BOJ and keeping a closer eye on the foreign exchange market

Will attentively watch how the US monetary policy adjustments and inflation trends impact the global economy and Japan.

The Market Reaction

On the basis of the aforementioned remarks, the USD/JPY currency pair dropped back below 138.00 and is currently trading at 137.93, up 0.37 percent on the day.

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