Japan’s Suzuki: G20 summary likely to reaffirm FX commitment

…
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)]

“The Group of 20 key nations (G20) is likely to say many currencies have moved significantly this year with increased volatility, reaffirm fx commitment in Chair Summary,” said Japanese Finance Minister Shunichi Suzuki on Friday.

While speaking from the Washington DC, Japan’s Suzuki also mentioned that G20 chair Indonesia likely to issue summary of this meeting’s discussion at a later date.

The otherwise unimportant news gained attention of the USD/JPY traders as the yen pair jumped to the fresh high since 1998 the previous day, raising expectations of Japan’s intervention. That said, the quote traders firmer around 147.25 by the press time.

Also read: Forex Today: Dramatic U-turn after US inflation misses expectations

[/s2If]
Join Our Telegram Group