Japan’s Top FX Diplomat Kanda: MOF will take appropriate steps on FX as needed
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Japan’s top currency diplomat Masato Kanda, who will instruct the BOJ to intervene, when he judges it necessary, warned that recent movements in the foreign exchange market have been rapid, and authorities stand ready to take steps in the market if needed, per Bloomberg.
At the time of writing, USD/JPY is trading at 150.64, losing 0.09% on the day.
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