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Japan's top currency diplomat, Kanda, expresses concerns about the rapid weakness of the yen, stating that the current weakness is not justified. Kanda stands ready to intervene in the currency markets if necessary and will take appropriate action in excessive moves. He emphasizes that there are no specific levels in mind for intervention and believes that the majority view the yen weakness as a speculative move.
JAPAN TOP CURRENCY DIPLOMAT KANDA:SERIOUSLY CONCERNED ABOUT RECENT RAPID WEAKNESS IN YEN. Put in upper case to emphasize the sensitivity of Tokyo to the need to maintain financial stability while pushing rates higher & limiting the collateral damage the comes hand in hand with… https://t.co/Z9ePelUwMo
Japan's Top Currency Diplomat Kanda: We will take necessary action in excessive moves. https://t.co/PfKCDmeQcg
⚠️ JAPAN TOP CURRENCY DIPLOMAT KANDA: **NO MISTAKE THAT THE CURRENT FOREX IS MOVING IN ONE DIRECTION **IT IS CERTAIN THAT CURRENT YEN MOVES ARE ONE-SIDED **SOME MAY SEE THE CURRENT ONE-SIDED MOVEMENT SHOWS MARKET NOT FUNCTIONING PROPERLY
Japan official on Yen weakness https://t.co/K4okeG4MWB
JAPAN'S TOP CURRENCY DIPLOMAT KANDA: SOME MAY SEE THAT THE CURRENT ONE-SIDED MOVEMENT SHOWS THE MARKET IS NOT FUNCTIONING PROPERLY.
⚠️ JAPAN TOP CURRENCY DIPLOMAT KANDA: ** BELIEVE MAJORIRTY VIEW YEN WEAKNESS AS SPECULATIVE MOVE ** GENERALLY SEEN THAT THE CURRENT WEAKNESS OF THE YEN IS NOT JUSTIFIED ** CLOSELY MONITORING MARKET'S MOIVEMENT WITH HIGH VIGILANCE **RECENT YEN MOVES ARE RAPID
JAPAN TOP CURRENCY DIPLOMAT KANDA: GENERALLY SEEN THAT THE CURRENT WEAKNESS OF THE YEN IS NOT JUSTIFIED
JAPAN TOP CURRENCY DIPLOMAT KANDA: I BELIEVE THE MAJORITY VIEW THE YEN WEAKNESS AS A SPECULATIVE MOVE.
JAPAN TOP CURRENCY DIPLOMAT KANDA: IT'S GENERALLY SEEN THAT THE CURRENT WEAKNESS OF THE YEN IS NOT JUSTIFIED.
⚠️ JAPAN TOP CURRENCY DIPLOMAT KANDA: ** SERIOUSLY CONCERNED ABOUT RECENT RAPID WEAKNESS IN YEN ** WILL TAKE NECESSARY ACTION IN EXCESSIVE MOVES **ALWAYS PREPARED TO RESPOND **DON'T HAVE SPECIFIC LEVELS IN MIND **WILL RESPOND TO RAPID, DISORDERLY MOVES
(JP) Japan top FX diplomat Kanda: Concerned about weakness in Yen; Always prepared to respond to disorderly moves but do not have specific levels in mind (More at https://t.co/0P5UBHzpZ9)
JAPAN TOP CURRENCY DIPLOMAT KANDA: I DON'T HAVE SPECIFIC LEVELS IN MIND.
Japan's top currency diplomat: Seriously concerned about recent rapid yen weakening https://t.co/ze0XdZMvu9
🔴 JAPAN'S TOP CURRENCY DIPLOMAT KANDA: WE WILL TAKE NECESSARY ACTION IN EXCESSIVE MOVES.
JAPAN'S TOP CURRENCY DIPLOMAT KANDA: WE WILL TAKE APPROPRIATE STEPS ON FX AS NEEDED.
🔴 JAPAN TOP CURRENCY DIPLOMAT KANDA: I AM SERIOUSLY CONCERNED ABOUT THE RECENT RAPID WEAKNESS IN THE YEN.
JAPAN TOP CURRENCY DIPLOMAT KANDA: SERIOUSLY CONCERNED ABOUT RECENT RAPID WEAKNESS IN YEN
Japan's Kanda - seriously concerned about recent rapid weakness in the JPY h/t @Newsquawk
#Japan Top Currency Diplomat Kanda: Will Take Appropriate Steps If There Is Excessive FX Move - Excessive FX Moves Have Negative Economic Impact
Japan says it's ready to intervene in the currency markets 24 hours a day if necessary https://t.co/73ms2QoxEc
Japan’s top currency official said authorities stand ready to intervene in the currency markets 24 hours a day if action is deemed necessary https://t.co/EwwKuQGB5L
JAPAN TOP CURRENCY DIPLOMAT KANDA: WILL RESPOND TO RAPID FOREX MOVES BY SPECULATORS || WON'T COMMENT IF RECENT FOREX MOVES ARE EXCESSIVE
JAPAN TOP CURRENCY DIPLOMAT KANDA: DON'T HAVE SPECIFIC FOREX LEVEL IN MIND
JAPAN'S TOP CURRENCY DIPLOMAT KANDA STANDS READY TO INTERVENE 24 HOURS A DAY IF NECESSARY
JAPAN'S TOP CURRENCY DIPLOMAT KANDA SEES NO CONSIDERATION OF SPECIFIC LEVELS FOR INTERVENTION.
JAPAN'S TOP CURRENCY DIPLOMAT KANDA STATES READINESS TO INTERVENE IF NECESSARY
JAPAN TOP CURRENCY DIPLOMAT KANDA: U.S. GOVT SUGGESTS THERE IS NO PROBLEM IN JAPAN'S FOREX INTERVENTION
JAPAN'S TOP CURRENCY DIPLOMAT KANDA MAINTAINS DAILY CONTACT WITH GLOBAL PEERS ON FOREIGN EXCHANGE
JAPAN'S TOP CURRENCY DIPLOMAT KANDA: US FX REPORT HAS NO IMPACT ON JAPAN'S FOREX POLICY.
Japan Top Currency Diplomat Kanda: Will Take Appropriate Steps If There Is Excessive FX Move - Excessive FX Moves Have Negative Economic Impact
JAPAN TOP CURRENCY DIPLOMAT KANDA: WILL TAKE APPROPRIATE STEPS IF THERE IS EXCESSIVE FOREX MOVE
JAPAN TOP CURRENCY DIPLOMAT KANDA: WON'T COMMENT ON DAILY FOREX LEVELS
JAPAN'S TOP CURRENCY DIPLOMAT KANDA TO TAKE APPROPRIATE MEASURES IF FOREX FLUCTUATIONS ARE CONSIDERED EXCESSIVE