PM Kishida stated that it was desirable for fx rates fundamentals to reflect stability.
USD/JPY reaction
USD/JPY has fallen to the lows but is still under pressure at 115.40 as of this writing.
Japan's PM Kishida: The falling real effective exchange rate of the Yen reflects low inflation
Fumio Kishida, Japanese Prime Minister (PM), stated Friday that Japan's low inflation was a factor in the fall of the real effective exchange rate for its currency yen.
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