Some verbal intervention to support the yen from Kato here
- Won’t comment on forex levels
- Important for currencies to move in stable manner reflecting fundamentals
- Alarmed over FX moves, including those driven by speculators
This is standard sort of stuff from Kato, remarks follow the sharp decline in the yen. Kato trying to provide some support. USD/JPY is not moving too much, around 150.74.
More:
- Will need to closely monitor impact on U.S. tariffs on exports
- It’s common consensus that U.S. trade deficit is not sustainable
- Will steadily carry out what we have agreed in trade deal with U.S.
This article was written by Eamonn Sheridan at investinglive.com.
