Japan Signals Readiness to Step Into FX Markets as Yen Slides After BOJ Rate Hike

Japanese authorities on Monday intensified their warnings over renewed yen weakness, saying they were prepared to take “appropriate” action against excessive and speculative foreign exchange moves, a stance that has once again put market intervention firmly in focus. Atsushi Mimura, Japan’s top currency diplomat, said recent movements in the yen had been “one-sided and sharp,” […] The post Japan Signals Readiness to Step Into FX Markets as Yen Slides After BOJ Rate Hike appeared first on Tekedia.

Japan Signals Readiness to Step Into FX Markets as Yen Slides After BOJ Rate Hike

Japanese authorities on Monday intensified their warnings over renewed yen weakness, saying they were prepared to take “appropriate” action against excessive and speculative foreign exchange moves, a stance that has once again put market intervention firmly in focus. Atsushi Mimura, Japan’s top currency diplomat, said recent movements in the yen had been “one-sided and sharp,” […]

The post Japan Signals Readiness to Step Into FX Markets as Yen Slides After BOJ Rate Hike appeared first on Tekedia.

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