Japan’s Kato: No comment on FX levels intervention

Japan’s Finance Minister Katsunobu Kato said on Thursday that “no comment on FX levels intervention.”

Further comments

Rapid moves seen in recent FX market.

Desirable for currencies to move stably reflecting economic fundamentals.

Closely watching FX moves with a sense of urgency.

There was no discussion on FX at today's G20 meeting and I don't expect any tomorrow.

Market reaction

USD/JPY was last seen trading at 152.51, down 0.15% so far.

Oct 24, 2024

Japan’s Aoki: Closely watching FX moves with a sense of urgency

Japan's Deputy Chief Cabinet Secretary Kazuhiko Aoki said on Thursday that he is “closely watching FX moves with a sense of urgency.” Key quotes No comment on FX levels.

Japanese Yen recovers a bit from three-month low against USD, lacks bullish conviction

The Japanese Yen (JPY) is seen oscillating in range against its American counterpart during the Asian session on Thursday and consolidating the previous day's slump to the lowest level since July 31.