Japan top currency diplomat Kanda says officials are watching forex moves closely- Important for currencies to move stably reflecting economic fundamentals
- Not focusing on any forex levels specifically
- Closely watching forex moves, will respond appropriately if necessary
As mentioned earlier here, the message should reflect the usual warnings that we have seen in the past as we're not quite at the point yet where intervention is required. Kanda also says that officials did discuss other issues such as the US debt ceiling as well. USD/JPY is now back up to 140.45 from around 140.25 earlier before he spoke.
This article was written by Justin Low at www.forexlive.com.
Source: Japan top currency diplomat Kanda says officials are watching forex moves closely (https://www.forexlive.com/news/japan-top-currency-diplomat-kanda-says-officials-are-watching-forex-moves-closely-20230530/)
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