Japan’s Kanda: Important for forex rates to move stably reflecting fundamentals
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Japan’s top currency diplomat Masato Kanda commented on the weaker Japanese Yen (JPY) on Thursday. Kanda stated that it’s important for FX to move stably, reflecting fundamentals.
A mild verbal intervention by Japan’s top currency diplomat Masato Kanda had little to no impact on the Japanese Yen’s performance against its rivals. At the time of writing, USD/JPY is trading at 147.77, gaining 0.07% on the day.
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