Japan’s Matsuno: We are keeping a careful eye on market movements with a sense of urgency
|Japanese Chief Cabinet Secretary Hirokazu Matsuno tried to placate the yen bears on Monday morning in Asia.
The policymaker initially mentioned that the government keeps a careful eye on market movements with a sense of urgency.
It’s worth noting, however, that Japan’s Matsuno also talked down stock fluctuation as a trigger for the policy move.
That said, the USD/JPY renews monthly high as buyers approach 139.00, up 0.60% intraday near 138.60 by the press time. The yen pair’s recent upside could be linked to the firmer yields and the monetary policy divergence of the Bank of Japan (BOJ) versus the rest of the major central banks.
Also read: USD/JPY marches towards 139.00 as Fed vs. BOJ divergence propel yields, US NFP 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.