Japan’s Matsuno: Won't rule out any options for response to FX moves

Dhwani Mehta FXStreet

Japan’s Chief Cabinet Secretary Hirokazu Matsuno told a news conference on Thursday, he “won't rule out any options for response to FX moves.”

Additional comments

Important for FX to move stably reflecting fundamentals.

Will respond appropriately to FX moves if necessary.

Expect BoJ to closely communicate with govt, continue to take appropriate monetary policy.

Share mutual understanding with international authorities that excessive FX move undesirable.

Market reaction

USD/JPY is trading on the back foot near 148.25 following the Japanese verbal intervention, down 0.05% on the day.

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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