Japan’s Suzuki: Japan at a critical stage whether to spur consumption, wage growth

Dhwani Mehta FXStreet

“Japan at a critical stage whether to spur consumption or wage growth,” Japanese Finance Minister Shunichi Suzuki said on Tuesday.

Suzuki added that it is “hard to say fiscal spending may push up prices.”

Additional comments

Currency rates should be set by the market.

Rapid fx moves undesirable.

Share view with international authorities that excessive FX volatility is undesirable.

Closely watching FX moves with a great sense of urgency.

Won't rule out any steps to respond to disorderly FX moves.

Nothing new to add now to what i say on currencies.

Market reaction

At the time of writing, USD/JPY is trading better bid just shy of the 11-month high of 148.99.

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.

GBP/USD bounces back above 1.3200 despite political drama in UK

GBP/USD extends the rebound above 1.3200 in the second half of the day on Friday but the pair is still down more than 1% for the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay.

EUR/USD recovers above 1.1450 on USD pullback

EUR/USD rebounds from the three-month low it touched below 1.1420 and holds above 1.1450 in the second half of the day on Friday. Still, the cautious market mood on growing uncertainty surrounding the next round of US-Iran talks makes it difficult for the pair to gather momentum.

Gold remains below $4,200, looks to post weekly losses

Gold struggles to gather recovery momentum and trades below $4,200 in the American session on Friday, pressured by the hawkish Fed tone and the renewed uncertainty surrounding the next round of US-Iran talks. Despite the bullish action seen in the first half of the week, XAU/USD remains on track to close in negative territory.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 on Friday, extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.