Japan’s Asakawa: Will take appropriate steps on FX if needed

Dhwani Mehta FXStreet

Japanese Ministry of Finance (MoF) official Asakawa is back on the wires now, via Reuters, noting that the Ministry will take appropriate steps on FX if needed.

Additional Comments:

FX moves are very volatile, I am worried.

G7 and G20 have confirmed cooperation on FX is possible if needed.

Excessive FX moves are undesirable for a stable economy.

Shrinking US-Japan spreads is one reason for yen strength.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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