Japan Chief Cabinet Secretary Kihara: Warns of intervention to support Yen
Japan Chief Cabinet Secretary Seiji Kihara said during European trading hours on Wednesday that the government could intervene due to one-way excessive moves against the Japanese Yen (JPY).
Additional remarks
Will take appropriate action against excessive moves.
Important for currencies to move in stable manner reflecting fundamentals.
I won't comment on forex.
Market reaction
There seems to be no significant impact of Japan Kihara’s comments on the Japanese Yen. As of writing, USD/JPY trades close to one-and-a-half-year high of 159.45.
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