Japan PM Kishida Highlights Measures Against Unstable FX Market

Thursday, 28 March 2024, 12:19
Japan's Prime Minister Kishida underlines the need for stability in currency movements while indicating readiness to take action against disorderly FX moves. His comments emphasize the importance of reflecting fundamentals in FX trading. With a sense of urgency, Kishida is closely monitoring the situation and remains open to implementing necessary measures. The USD/JPY rate remains steady at 151.30 amid ongoing discussions.
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Japan PM Kishida Highlights Measures Against Unstable FX Market

Japan PM Kishida Addresses Response to Disorderly FX Moves

Intervention watch in yen trading is high at the moment. Comments from Kishida are crossing:

  • Important for currencies to move in stable manner, reflecting fundamentals
  • Won't rule out any steps
  • Closely watching FX moves with a high sense of urgency
  • Will take out appropriate action without ruling out any options to deal with FX moves

USD/JPY is flat today at 151.30.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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