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Japan's Kanda: Ready to take action if excessive FX move seen

2024-06-21FXStreetFXStreet
Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Friday that he will take necessary action on foreign exchange (FX) if needed Key quotes To take necessary action on foreign exchange if needed.

Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Friday that he will take necessary action on foreign exchange (FX) if needed

Key quotes

To take necessary action on foreign exchange if needed.

Sees no problem with Japan's approach in US report on foreign exchange.

Yen slightly strengthens against US Dollar 

FX intervention has been effective 

Market reaction  

At the time of writing, USD/JPY was trading at 158.85, losing 0.05% on the day.

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