Japan’s Top FX Diplomat Kanda: To take appropriate action when needed in forex market
|Japan's top currency diplomat Masato Kanda said on Monday that it “will take appropriate action when needed in the forex market.“
Key quotes
Interest rate is merely one factor in forex.
Yen still perceived as safe asset along with Swiss Franc, US Dollar.
Cannot foresee impact from crisis in middle east on Japanese economy.
Market reaction
USD/JPY is keeping its range play intact at around 149.50 on the above comments. The pair is modestly flat on the day.
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