Japanese Official: Dramatic forex moves are not ideal
FXStreet · 22 Jun 2022 206 Views

The jawboning from the Japanese authorities continues, with an unnamed official noting on Wednesday that dramatic FX moves are not ideal.

Further comments

No comment on FX levels.

The government will make the utmost efforts to implement planned inflation policies, step by step.

Need to pay attention to worsening sentiment due to rising prices, falling private consumption, and corporate activities.

Market reaction

USD/JPY is extending its retreat from 24-year highs of 136.71 reached in the US last session. The pair is now trading at 136.17, down 0.33% so far.

Affected Trading Instrument

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