Japan’s Hayashi: Will take appropriate steps on excessive FX moves
Japan’s Chief Cabinet Secretary Hayashi echoed comments from the country’s Finance Minister Shunich Suzuki on Wednesday, noting that he “will take appropriate steps on excessive fx moves.“
Additional quotes
Won't comment on forex levels and potential FX intervention.
Important for currencies to move in stable manner reflecting fundamentals.
Rapid FX moves undesirable.
Market reaction
Following these comments, USD/JPY is losing 0.23% on the day to trade near 160.40, extending its pullback from near four-decade highs of 160.87.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.10% | -0.06% | -0.26% | -0.04% | -0.10% | 0.03% | -0.08% | |
| EUR | 0.10% | 0.03% | -0.15% | 0.04% | 0.00% | 0.09% | 0.00% | |
| GBP | 0.06% | -0.03% | -0.18% | 0.01% | -0.02% | 0.10% | -0.01% | |
| JPY | 0.26% | 0.15% | 0.18% | 0.20% | 0.14% | 0.24% | 0.18% | |
| CAD | 0.04% | -0.04% | -0.01% | -0.20% | -0.07% | 0.06% | -0.04% | |
| AUD | 0.10% | -0.00% | 0.02% | -0.14% | 0.07% | 0.13% | 0.00% | |
| NZD | -0.03% | -0.09% | -0.10% | -0.24% | -0.06% | -0.13% | -0.10% | |
| CHF | 0.08% | -0.01% | 0.01% | -0.18% | 0.04% | 0.00% | 0.10% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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.
