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Japan’s Kihara: Watching FX market move with a high sense of urgency

Japanese Chief Cabinet Secretary Minoru Kihara said in a statement on Thursday, he is “watching FX market move with a high sense of urgency.”

Additional quotes

Watching market moves, including bond market, closely.

Recent FX moves are sharp, one-sided.

FX market needs to move stably reflecting fundamentals.

Market reaction

USD/JPY refreshed ten-month highs near 157.50, shrugging off the Japanese jawboning. At the press time, the pair trades 0.12% higher on the day at 157.35.

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 New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.06%0.01%0.25%-0.00%-0.11%-0.08%0.05%
EUR-0.06%-0.05%0.16%-0.05%-0.17%-0.18%-0.01%
GBP-0.01%0.05%0.23%-0.01%-0.12%-0.10%0.05%
JPY-0.25%-0.16%-0.23%-0.25%-0.34%-0.36%-0.19%
CAD0.00%0.05%0.01%0.25%-0.09%-0.09%0.07%
AUD0.11%0.17%0.12%0.34%0.09%0.02%0.16%
NZD0.08%0.18%0.10%0.36%0.09%-0.02%0.14%
CHF-0.05%0.00%-0.05%0.19%-0.07%-0.16%-0.14%

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

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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