17 Oct 2022
Japan’s Suzuki: No change in our stance in dealing with FX moves
Japanese Finance Minister Shunichi is back on wires, via Reuters, stating that the government has no change in its stance in dealing with FX moves.
His comment comes after he earlier said they are constantly watching FX movements with a sense of urgency.
USD/JPY is at a tipping point, as it closes in on the 150.00 level, currently trading at 148.61, down 0.08% on the day. The pair is sitting at the highest level in 32 years.
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USD/JPY traces sluggish yields near 32-year high below 149.00 as BOJ policies appear in danger