Suzuki of Japan: Rapid yen movements are unfavourable.

Japan’s Finance Minister, Shunichi Suzuki, speaks about the recent fall of the yen currency.

April 28, 2022 - 11:34 AM 292 views

Suzuki of Japan: Rapid yen movements are unfavourable.

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© Suzuki of Japan: Rapid yen movements are unfavourable.

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Japan’s Finance Minister, Shunichi Suzuki, speaks about the recent fall of the yen currency. He said, "The rapid movements of the Japanese Yen are not favorable for the economy.

He also added, "The Bank of Japan (BOJ) should consider this situation seriously and needs to design the monetary policy accordingly."

    When last seen, the USD/JPY currency pair was trading at 128.75, up by 0.22% on the          day. Across the globe, the US dollar is dominating, as the yen values have snapped and      plunged with the recent recovery rallies. However, the USD/JPY pair recaptured 129.00      on the dovish BOJ policy decision.

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