Forex
globalreutersApril 29, 20241 Mins read
Japan top currency diplomat says will take appropriate action against excessive FX moves
globalreutersApril 29, 20241 Mins read - Speculative, rapid and abnormal FX moves have had bad impact on the economy
- Such moves are unacceptable
- No specific level in mind on an appropriate level for exchange rate
- Will only disclose if there was FX intervention at the end of May
They will only report it every four weeks, so the next round of data will not feature today’s flows. As such, we’ll have to wait until the end of next month when the BOJ/MOF releases it. USD/JPY is still trading down 1.5% on the day at 155.85, but at least off its earlier low of 154.51.
This article was written by Justin Low at www.forexlive.com.
Related Articles
USDCHF moves above converged 100 and 200 hour MAs and rockets higher
Earlier today, I posted:USDCHF: The USDCHF held resistance at the 100-hour moving...
Matt Gaetz withdraws name for Attorney General nomination
This article was written by Greg Michalowski at www.forexlive.com.
Fed’s Goolsbee: It may make sense to slow pace of interest rate cuts
It make sense for the Fed to slow the pace of interest...
Major European indices close higher on the day
Major European indices are closing higher on the day. The gains are...
Leave a comment