Japan’s Aso: No comments on possibility of currency intervention

Dhwani Mehta FXStreet

Japanese Finance Minister Taro Aso is on the wires now, via Reuters, declining to comment on the possibility of currency intervention, in light of the latest appreciation in the Japanese yen.

Further comments:

Want to watch further developments

There are nervous moves in the market

Still considering Bank of Japan (BOJ), Ministry of Finance (MOF), Financial Services Agency (FSA) meeting.

G7 is of the view they need to coordinate not just on monetary but fiscal policies.

There are limits to what monetary policy can do, there is meaning to deploy fiscal stimulus.

USD/JPY Price Analysis: Sellers cheer the break of multi-month-old trendline, bearish MACD

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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