Japan's Matsuno: We are closely watching FX movements and their potential impact on the economy

Japan's Matsuno: We are closely watching FX movements and their potential impact on the economy
ANALYSIS

Hirokazu Mattsuno, Chief Cabinet Secretary, said that the government is closely monitoring FX movements and their potential impact on Japan's economy.

Additional quotes

FX stability is crucial.

Is not interested in commenting on FX levels.

Will communicate closely with currency authorities to ensure that appropriate actions are taken regarding FX policy.

Reaction of the market

Japanese officials continue to speak, but it has minimal or no effect on the USD/JPY exchange rate. This seems out of control.

Spot trading is at its highest level in 20-years, near 128.40. This adds 1.12% to the day.


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