fxs_header_sponsor_anchor

News

Japan’s Top FX Diplomat Kanda: Any intervention would not target forex levels but volatility

Japan's top currency diplomat Masato Kanda is back on the wires in Asian trading on Wednesday,  noting that “any intervention would not target forex levels but volatility.”

Key quotes

No comment on whether I discussed weak Yen with PM Kishida.

It's normal for authorities not to comment on whether they intervened or not.

Duration of excessive moves could be over one week or beyond that, when asked what constitutes excessive moves in forex market.

If one-sided moves persist for long time, that could be considered as excessive moves.

We are acting in accordance with G7, G20 agreement on forex, when asked about smoothing operations.

Related reads

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.