Japanese Vice Finance Minister for International Affairs Masato Kanda issued a verbal warning on the recent Yen depreciation in a Kyodo News interview on Wednesday.
Kanda said, “if speculators cause excessive moves in the FX market, we have no choice but to respond appropriately.”
Market reaction
At the time of writing, USD/JPY is falling hard toward 156.00, losing 1.38% so far.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.39% | -0.43% | -1.37% | -0.07% | -0.28% | -0.64% | -0.72% | |
| EUR | 0.39% | -0.02% | -0.97% | 0.33% | 0.11% | -0.28% | -0.32% | |
| GBP | 0.43% | 0.02% | -0.94% | 0.37% | 0.14% | -0.25% | -0.29% | |
| JPY | 1.37% | 0.97% | 0.94% | 1.32% | 1.11% | 0.70% | 0.68% | |
| CAD | 0.07% | -0.33% | -0.37% | -1.32% | -0.22% | -0.59% | -0.65% | |
| AUD | 0.28% | -0.11% | -0.14% | -1.11% | 0.22% | -0.38% | -0.43% | |
| NZD | 0.64% | 0.28% | 0.25% | -0.70% | 0.59% | 0.38% | -0.05% | |
| CHF | 0.72% | 0.32% | 0.29% | -0.68% | 0.65% | 0.43% | 0.05% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD rises toward 1.0950 amid intense USD selling
EUR/USD is rising toward 1.0950 in Wednesday's European trading. The US Dollar resumes the downside amid heightened September Fed rate cut bets, supporting the pair. The focus remains on the mid-tier US data and Fedspeak
GBP/USD scales fresh 2024 highs above 1.3000 after UK CPI data
GBP/USD trades above 1.3000, refreshing 2024 highs in the European session on Wednesday. The data from the UK showed that annual CPI inflation held steady at 2% in June. This reading alongside a broad US Dollar sell-off underpins the pair.
USD/JPY tumbles to 156.00 amid risk-aversion, technical breakdown
USD/JPY is off the lows but under heavy selling pressure on the 156.00 level in European trading on Wednesday. Souring risk sentiment and a technical breakdown has fuelled the USD/JPY meltdown, as Japanese intervention risks loom.
Gold rises on Kugler’s comments and Shanghai bets
Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal. Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”.
Bitcoin rally catalyzes gains in Ethereum, Solana, and XRP, as traders digest Donald Trump incident
Crypto market capitalization increased nearly 4% in the last 24 hours and climbed to $2.522 trillion on Wednesday, as seen on CoinGecko. Almost all cryptocurrencies ranked in the top 10 assets by market capitalization have rallied in that period.