Japan’s Kato: Will take appropriate action against excessive moves

Dhwani Mehta FXStreet

Japan’s Finance Minister Katsunobu Kato on Friday that they “will take appropriate action against excessive moves.”

Additional quotes

Important for currencies to move in stable manner reflecting fundamentals.

Recently seeing one-sided, sharp FX moves.

Concerned about recent FX moves.

Will continue to coordinate with overseas authorities on forex policies.

Market reaction

USD/JPY is erasing gains, retreating toward 157.00 following these above comments. The pair is currently trading modestly flat on the day.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.03%	0.03%	0.05%	0.07%	0.21%	0.15%	0.01%
EUR	-0.03%		0.00%	0.02%	0.04%	0.18%	0.13%	-0.02%
GBP	-0.03%	0.00%		0.02%	0.04%	0.18%	0.13%	-0.02%
JPY	-0.05%	-0.02%	-0.02%		0.04%	0.20%	0.11%	-0.00%
CAD	-0.07%	-0.04%	-0.04%	-0.04%		0.14%	0.09%	-0.06%
AUD	-0.21%	-0.18%	-0.18%	-0.20%	-0.14%		-0.05%	-0.20%
NZD	-0.15%	-0.13%	-0.13%	-0.11%	-0.09%	0.05%		-0.15%
CHF	-0.01%	0.02%	0.02%	0.00%	0.06%	0.20%	0.15%

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).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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