Japan Top FX Diplomat Kanda welcomes US dropping Tokyo from monitoring list in latest currency report

Anil Panchal FXStreet

“Japan will continue to closely communicate with US for the sake of stability in markets,” Japan’s top currency diplomat Masato Kanda said on Monday per Reuters.

The policymaker also added that the US decision on currency report due in part to close communication on daily basis.

“Japan will continue to closely communicate with US for the sake of stability in markets,” said Japan’s Kanda reported Reuters.

USD/JPY grinds at multi-day top

USD/JPY seesaws around the highest levels since November 2022, mostly inactive around 141.90-95 amid early Monday morning in Asia. That said, the news joins China-linked headlines to allow markets to remain slightly upbeat apart from the Juneteenth holiday.

Also read: US-China diplomats held candid talks, agree to meet again

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Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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