Category: diplomat
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Japan’s top FX diplomat warns against speculative moves as yen falls By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan’s top currency diplomat on Monday issued a warning against speculative moves in the foreign exchange market as the yen fell below 149 yen to the dollar. “We will monitor currency market movements, including speculative trading, with a sense of…
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Japan top FX diplomat says yen shorts that had been built up until July have been unwound
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Japan’s new ‘top currency diplomat’ Atsushi Mimura said “always watching” yen carry trade
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Atsushi Mimura is Japan’s Vice Minister of Finance for International Affairs, also known as the “top currency diplomat.” The Japanese Ministry of Finance is the authority in Japan to order intervention in the yen. Mimura took over the relevant department from Kanda, so he would be the one to direct…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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US is building allies network to counter China’s threat, top diplomat to Taiwan says By Reuters
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Written by Yimou Li and Fabian Hamacher TAIPEI (Reuters) – The United States is building a network of alliances in the Indo-Pacific region to counter China’s threats there, the top U.S. diplomat in Taiwan said on Wednesday, adding that the island was not Beijing’s only target in its bid to…
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Japan top currency diplomat says focus is on volatility when it comes to FX
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It is recommended that currencies move in a stable manner that reflects the fundamentals. Excessive volatility increases uncertainty and reduces predictability for companies. No change in Japan’s economic outlook despite recent market volatility Monitoring the financial markets closely with a sense of urgency and calm as well. A 2,000 basis…
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Japan’s new currency diplomat keeps intervention on table to stabilise yen By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan will maintain its basic approach on the yen, with intervention remaining an option to address excessively volatile moves in the exchange rate, Atsushi Mimura, the new Japanese diplomat in charge of the currency, told Reuters. “Japan will act in…
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Japan names new FX diplomat as yen hits 38-year low By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japan appointed a new diplomat in charge of foreign exchange on Friday as the yen fell to a 38-year low against the dollar, raising expectations of imminent market intervention by Tokyo to support the battered currency. Atsushi Mimura, a veteran…