Japan FinMin: Will take appropriate measures on Forex as needed

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Japan finance minister Aso is making comments related to the recent Yen volatility, noting that they will take appropriate measures on Forex as needed, adding they are watching markets closely.


    Japan's econ fundamentals very strong

    Desirable for currencies to move in stable manner reflecting economic fundamentals

    Sudden fx moves are undesirable

    Recent yen moves have been very rough

    Want to consider policy coordination looking at markets at G20 meeting in Shanghai

    Will continue to closely monitor forex moves

    No comment on whether Japan intervened in forex market

    G7 has agreed that sudden forex moves are undesirable

    Recent market sentiment is overly pessimistic
    For more information, read our latest forex news.

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