Japan's Asakawa: monitoring FX closely

Joshua Gibson FXStreet

Japan's Masatsugu Asakawa, the Vice Minister of Finance for International Affairs, is hitting the wires with comments about the FX space after Thursday's rapid plunge-and-bounce.

Key highlights

Ministry of Finance will be closely monitoring speculative moves in FX markets.

Sydney forex market volatility remains quite high.

Currency markets are trading in extremely thin liquidity, exacerbating price movements.

The MoF is not considering calling a meeting with the Bank of Japan right now.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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