Japan’s Kanda: No choice but to respond to speculators
Japanese Vice Finance Minister for International Affairs Masato Kanda issued a verbal warning on the recent Yen depreciation in a Kyodo News interview on Wednesday.
Kanda said, “if speculators cause excessive moves in the FX market, we have no choice but to respond appropriately.”
Market reaction
At the time of writing, USD/JPY is falling hard toward 156.00, losing 1.38% so far.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.39% | -0.43% | -1.37% | -0.07% | -0.28% | -0.64% | -0.72% | |
| EUR | 0.39% | -0.02% | -0.97% | 0.33% | 0.11% | -0.28% | -0.32% | |
| GBP | 0.43% | 0.02% | -0.94% | 0.37% | 0.14% | -0.25% | -0.29% | |
| JPY | 1.37% | 0.97% | 0.94% | 1.32% | 1.11% | 0.70% | 0.68% | |
| CAD | 0.07% | -0.33% | -0.37% | -1.32% | -0.22% | -0.59% | -0.65% | |
| AUD | 0.28% | -0.11% | -0.14% | -1.11% | 0.22% | -0.38% | -0.43% | |
| NZD | 0.64% | 0.28% | 0.25% | -0.70% | 0.59% | 0.38% | -0.05% | |
| CHF | 0.72% | 0.32% | 0.29% | -0.68% | 0.65% | 0.43% | 0.05% |
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.
