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Japan top currency diplomat says there is no limit to FX intervention resources

2024-12-30FOREXLIVEFOREXLIVE
Remarks by Japan top currency diplomat, Masato Kanda
  • Will thoroughly respond to excessive FX moves
  • FX market is determined by various factors, including interest rate differentials
  • Recent FX intervention was quiet effective in responding to speculators

A bit of verbal jawboning there as USD/JPY continues to trickle higher since last week. The pair is holding just above 158.00 now, not much changed from before the comments above.

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