Japan's Ongoing Efforts to Coordinate Foreign Exchange Intervention

Tuesday, 20 February 2024, 06:23

Japan emphasizes continuous communication and coordination with other countries regarding possible FX intervention. The country remains cautious about maintaining safety and liquidity in managing its FX reserves. Although Japan mentions the possibility of selling assets in the reserves for intervention, a direct intervention seems unlikely for the time being, even as USD/JPY reaches the 150.00 mark.

Japan's Efforts on FX Intervention

Continuous Communication: Japan is always in touch with other countries regarding foreign exchange intervention.
Safety and Liquidity: Mindful of ensuring safety and liquidity in managing FX reserves.
Possibility of Intervention: Can sell assets from reserves if needed for intervention.

This is some form of indirect verbal intervention by Tokyo once again. Since USD/JPY has touched the 150.00 mark, they have been more vocal but any real threat of actual intervention is not likely for now at least.

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.