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Japan’s Suzuki: FX rates determined by various factors, not just monetary policies, rate differentials

Dhwani Mehta FXStreet

Japan’s Finance Minister Shunichi Suzuki said on Tuesday that “FX rates are determined by various factors, not just monetary policies and interest rate differentials but also by geopolitical risks, market sentiment and others..”

Further comments

Hard to tell how those factors would impact FX rates.

Will monitor how changes in US monetary policies would affect through various channels.

Market reaction

USD/JPY stays bid below 145.00 following these comments, adding 0.15% 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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Japan’s Suzuki: FX rates determined by various factors, not just monetary policies, rate differentials

Further comments

Market reaction

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AUD/USD renews two-month lows near 0.6950 after Australian CPI data

USD/JPY trades below 157.50 as Japan's weak data and bullish USD lend support

Gold consolidates below $4,200 as bullish USD and Fed hike bets offset softer bond yields

Ethereum sees profit-taking near $2,700 ahead of key US economic data

Silver is more volatile than Gold ahead of PCE and NFP. This chart shows the positioning gap

Silver is more volatile than Gold ahead of PCE and NFP. This chart shows the positioning gap

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Further comments

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