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globalreutersMay 7, 20241 Mins read
Japan business federation chairman says USD/JPY above 150 is too much
globalreutersMay 7, 20241 Mins read - It is desirable for FX to reflect fundamentals in mid-to-long term
- Do not know if authorities intervened
- But if they did, the timing was very good
It’s the first time that he is drawing a line on the yen weakness as being “too much”. That being said, a lot of Japan’s top companies are also exporters so I doubt they are the ones complaining.
This article was written by Justin Low at www.forexlive.com.
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