Former Bank of Japan (BOJ) Governor Haruhiko Kuroda and the nation's former top currency diplomat, Watanabe, have expressed concerns over the recent decline of the yen, describing the fall as excessive. They indicated that Japanese authorities are prepared to intervene in the currency market if the yen weakens beyond its current range, specifically if the currency gets weaker than $152/USD. Watanabe noted that intervention is likely unless the yen falls sharply below 155 to the dollar. He also expects the dollar/yen range to be between 145-155 for the time being.
Japan won't intervene unless yen slides below 155, says ex-FX diplomat Watanabe https://t.co/LdpFx8xEiG https://t.co/5ETmnJsLMP
🔴 WATANABE EXPECTS DOLLAR/YEN RANGE TO BE 145-155 FOR TIME BEING
JAPAN'S FORMER TOP CURRENCY DIPLOMAT WATANABE: JAPANESE AUTHORITIES LIKELY WON'T INTERVENE UNLESS YEN FALLS SHARPLY BELOW 155 TO DOLLAR
The government is ready to intervene in the currency market at any time should the yen weaken beyond its current range, according to a former currency chief who previously warned of a possible intervention two days before Japan entered markets in 2022. https://t.co/RHtfJw3qGG
Bank of Japan (BoJ) ex-official warns bank may have to intervene if currency gets weaker than $152/USD
Japan is ready to intervene in the currency market at any time should the yen weaken beyond its current range, given the extent of heightened warnings from key officials, according to the nation’s former currency chief https://t.co/LKzsETKC05
⚠️ EX-BOJ CHIEF KURODA SEES RECENT YEN FALLS AS EXCESSIVE, NIKKEI SAYS Full Story → https://t.co/2fbBDcyKAy Former Bank of Japan (BOJ) Governor Haruhiko Kuroda told an informal panel that recent yen declines were excessive, and that there was a possibility authorities could…