The Japanese Yen continues to depreciate despite government interventions, with speculators testing authorities' responses. Japan's top currency diplomat emphasizes stable currency movements, while the Chief Cabinet Secretary refrains from commenting on intervention. Japan warns of action over rapid currency moves, with the US cautioning on intervention. The Bank of Japan confirms close collaboration with the government for price targets and economic impacts, closely monitoring the FX situation. Governor Ueda warns of potential policy responses due to foreign exchange impacts and rising prices, preparing to adjust easing measures. Japan expresses concerns over the weak Yen's impact on prices, with the Finance Minister Suzuki pledging to closely watch market moves and take necessary action.
SUZUKI ON JAPAN'S MAIN POLICY AGENDA: RESPONSE TO INFLATION
JAPAN FINMIN SUZUKI: WE WILL CLOSELY WATCH MARKET MOVES, WILL TAKE ACTION WHEN NEEDED
SUZUKI EXPRESSES STRONG CONCERNS OVER IMPACT OF WEAK YEN ON PRICES
JAPAN AWARE OF MEDIA REPORTS ON FX INTERVENTION
SUZUKI DOES NOT COMMENT ON GOVERNMENT INTERVENTION
BOJ GOVERNOR UEDA TO ADJUST EASING AS PER RISING PRICE TREND
BOJ GOVERNOR UEDA WARNS OF POTENTIAL NEED FOR POLICY RESPONSE DUE TO FOREIGN EXCHANGE IMPACTS
BOJ GOVERNOR UEDA SAYS MONETARY POLICY DOES NOT CONTROL FX
BOJ'S UEDA TO APPEAR IN PARLIAMENT FROM 9AM
⚠️ MORNING BID: BULLISH MOMENTUM FADES, YEN INTERVENTION RISKS RISE Full Story → https://t.co/vNnq4X9Nzi https://t.co/xLQ9ONQAhB
Japan warns of action over rapid currency moves - Reuters https://t.co/GgKrxayD8u
BOJ: UEDA TO SPEAK AT CONFERENCE AT 5:30 P.M. WEDNESDAY
So it looks like #Japan is back at moving $USD around in the money market trying to peg the $JPY 🥹 https://t.co/bBkKX1np8m https://t.co/Pbn7AdHimt
UEDA: CONFIRMED BOJ, GOVT CLOSE COLLABORATION FOR PRICE TARGET
UEDA: CLOSELY MONITORING RECENT FX SITUATION
BOJ GOV UEDA: CONFIRMED WITH PM THAT BOJ WILL TAKE INTO ACCOUNT IMPACT OF ECONOMY, PRICES WHICH COULD POTENTIALLY BE BIG
BOJ GOV UEDA: CONFIRMED WITH PM KISHIDA GOVT, BOJ WILL WORK CLOSELY ON POLICY
BOJ'S GOVERNOR UEDA: I DISCUSSED ECONOMY AND FINANCIAL MARKETS WITH KISHIDA.
BOJ GOV UEDA: HAD REGULAR EXCHANGE OF VIEWS WITH PM KISHIDA
The yen weakened as US calls for caution on intervention added to expectations that the currency will face continued pressure due to a wide yield gap between the US and Japan https://t.co/u0P1DR7GeL
Japan warns of action over rapid currency moves https://t.co/L5QNbq7ylU https://t.co/XeIInNm50a
JAPAN CHIEF CABINET SECRETARY HAYASHI DOES NOT COMMENT ON CURRENCY INTERVENTION.
JAPAN'S TOP CURRENCY DIPLOMAT KANDA EMPHASIZES THE IMPORTANCE OF STABLE CURRENCY MOVEMENTS REFLECTING FUNDAMENTAL FACTORS.
The #Yen's cat-and-mouse game continues this morning as the currency, 0.5% weaker, retraces some of its appreciation on Friday. With few of them expecting the Bank of #Japan to accelerate its monetary policy normalization, speculators may be tempted to test again the authorities’…
More trouble brewing as Japanese Yen continues to depreciate after 3 government interventions. More to come Im sure of it. #Yen #DXY #USTreasuries https://t.co/EXo8BQQhwr