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Japan finance minister Suzuki says will take action against excessive FX moves

2024-12-28FOREXLIVEFOREXLIVE
Intervention threat from Suzuki
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Japan finance minister Suzuki

  • Need to maintain market faith in Japan's fiscal policy amid shift to interest rates in positive territory
  • Drop in japan foreign reserves as of end-May partially reflect fx intervention
  • Will take action against excessive forex moves
  • Forex intervention was conducted to address excessive moves
  • Forex intervention should be done in restrained manner
  • Not taking into account limit to reserves for FX intervention
  • Intervention should be done while taking into account necessity and effectiveness

USD/JPY is popping a little:

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