Japan’s Finance Minister Suzuki: Carefully watching impact of changes in US monetary policy
|“Carefully watching impact of changes in US monetary policy on Japan's economy,” Japanese Finance Minister Shunichi Suzuki said on Friday.
Additional comments
Watching fx market moves with even more sense of urgency while working with BOJ.
Expects BOJ to continue efforts to achieve price target sustainably, stably.
Rapid yen weakening seen in fx market recently.
Monetary policy up to BOJ to decide.
Government must respect independence of BOJ.
Expects BOJ to strive to achieve price target based on economy, prices and bond market.
BOJ Governor Kuroda has stated that he will maintain policy persistently.
USD/JPY bounces off intraday low
Following the news, USD/JPY snaps a two-day downtrend while bouncing off the intraday low to 132.60 by the press time.
It’s worth noting that the news of Japan’s top currency diplomat Masato Kanda’s reappointment during the mid-year personnel reshuffle also seem to favor the USD/JPY pair’s latest rebound.
Read: USD/JPY stays defensive above 132.00 on softer yields, BOJ, Fed’s Powell eyed
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.