Japan’s Hayashi: Stock prices are determined in the market based on various factors

Dhwani Mehta FXStreet

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that “stock prices are determined in the market based on various factors such as economic conditions and corporate activities.”

Additional comments

Will continue to pay close attention to markets with sense of urgency.

Important for currencies to move in stable manner reflecting fundamentals.

Closely watching FX moves.

Won't comment on forex levels.

Market reaction

At press time, USD/JPY is off the highs but traders near 149.50, up 0.13% on the day. The pair continues its wild swings amid a 4% slump in the Japanese indices.

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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