Government taking appropriate steps on excessive, disorderly moves in FX market if necessaryExpect BOJ to conduct monetary policy appropriatelyImportant for FX market to move steadily and stably
It’s just some added verbal intervention, though they can be a little bit happier surely that the Japanese yen didn’t tumble further this week. It’ll be the first time the currency posts back-to-back weekly gains against the dollar since August. USD/JPY looks to be running with a firmer break under 155.00 now, with the pair down 0.4% to 154.40 on the day as the dollar remains weak.
This article was written by Justin Low at investinglive.com.