Category: Japan
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Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen
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Bank of Japan Governor Ueda and Japanese Finance Minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he did not have a one-on-one meeting with US Treasury Secretary Yellen. This seems to indicate that there is no discussion about coordinated intervention by…
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Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen
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Bank of Japan Governor Ueda and Japanese Finance Minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he did not have a one-on-one meeting with US Treasury Secretary Yellen. This seems to indicate that there is no discussion about coordinated intervention by…
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Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
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(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…
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Japan finance minister Suzuki: Rapid FX moves undesirable
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Bank of Japan issues stronger warning over yen’s impact on policy By Reuters
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Written by Laika Kihara and Satoshi Sugiyama TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if a weaker yen weighs on prices significantly, offering the strongest hint yet that continued declines for the currency could lead…
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Dollar gains ground; subdued yen prompts Japan warning By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar remained steady on Wednesday, offsetting some losses resulting from renewed bets on a cut in interest rates by the Federal Reserve (US central bank) this year, while the yen fell for a third day, raising investors’ concerns about the risk of…
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Japan warns of action over rapid currency moves By Reuters
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Written by Satoshi Sugiyama and Laika Kihara TOKYO (Reuters) – Japan may have to take action against any disorderly foreign exchange movements due to speculation, the Japanese government’s top currency diplomat Masato Kanda said on Tuesday, strengthening Tokyo’s readiness to intervene again to support the fragile yen. In a sign…
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USD/JPY buyers face ‘treacherous’ path ahead as Japan likely to intervene again By Investing.com
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Investing.com – The bet on the dollar against the yen has been a hot forex trade that has dominated flows, but the trade could now head down a “treacherous” path ahead, Macquarie warns, with Japan likely to follow suit. Last week’s intervention that sent the Japanese currency higher amid revived…
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Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
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Japanese Finance Minister Suzuki speaks over the wire saying: Forex levels should reflect economic fundamentals If currency movements are excessive, we may need to smooth them It is desirable for the foreign exchange market to move steadily, noting that currency market fluctuations are undesirable Rapid currency movements are undesirable because…
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Japan’s finance minister Suzuki and Bank of Japan Governor Ueda press conference on Friday
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…