Japan’s PM Kishida: Yen's falling real effective exchange rate reflects low inflation
|Japanese Prime Minister (PM) Fumio Kishida said on Friday, “Japan's low inflation is a background factor for the falling real effective exchange rate of its currency yen.”
“Desirable for fx rates to be stable reflecting fundamentals,” PM Kishida added.
USD/JPY reaction
USD/JPY is off the lows, although remains pressured near 115.40, as of writing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.