Japan PM Kishida: Recent sharp, one-sided yen moves undesirable
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Japanese Prime Minister Fumio Kishida is expressing his take on the recent yen intervention, during his appearance on Friday.
Earlier this week, the Japanese leader said that it is “important to link weak yen to economic recovery by reopening inbound tourism, corporate reshoring.”
“Recent sharp, one-sided yen moves undesirable.”
“Japan’s intervention last month reflected the view that we cannot turn a blind eye to speculative FX moves.”
USD/JPY shows little to no reaction to PM Kishida’s remarks, trading 0.11% down on the day near 144.90, as of writing.
[/s2If]
Join Our Telegram Group
