Japan’s Top FX Diplomat Kanda: Closely watching FX moves with high sense of Urgency

Lallalit Srijandorn FXStreet

Japan's top currency diplomat Masato Kanda came out with verbal intervention remarks early Wednesday, according to Reuters.

Key quotes

“Dealing appropriately with FX moves”

“Closely communicating with US, overseas FX authorities”

“Closely watching FX moves with high sense of urgency”

“Japan is closely communicating with US authorities over forex on a regular basis”

“Shared mutual understanding that excessive forex move undesirable”

Market reaction

At the time of writing, USD/JPY is trading at 147.70 down 0.10% on the day.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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