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Japan's Kanda says always prepared to take steps against excess FX volatility

Started by forex4you, Oct 11, 2022, 01:45 pm

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Japan's Kanda says always prepared to take steps against excess FX volatility

<p>Kanda is the head currency official at Japan's Ministry of Finance. </p><p>In Japan it is he who will instruct the Bank of Japan to intervene when he deems necessary. </p><p>Comments:</p><ul><li>we are always ready to take the steps necessary against excessive FX volatility</li><li>I can make a decision on FX intervention anywhere, even on an airplane</li></ul><p>---</p><p>Kanda not using key phrases here though. </p><ul><li><a href="https://www.forexlive.com/centralbank/heres-what-to-watch-for-to-warn-of-imminent-bank-of-japan-boj-yen-intervention-20220907/" target="_blank" data-article-link="true" class="article-link article-link article-link">Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/the-4-things-to-watch-prior-to-bank-of-japan-fx-yen-intervention-20220911/" target="_blank" data-article-link="true" class="article-link article-link article-link">The 4 things to watch prior to Bank of Japan FX yen intervention</a></li></ul><p>Meanwhile the action is in a higher USD again (USD/JPY is lagging, not doing a lot at all). </p><p>EUR/USD update:</p><p>GBP, AUD, NZD, CAD, CHF ... all dropping hard!</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Japan's Kanda says always prepared to take steps against excess FX volatility

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