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Japan's Kato: Will take appropriate action against excessive moves

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Japan's Kato: Will take appropriate action against excessive moves

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New update 2025.01.07 11:08
Japan's Kato: Will take appropriate action against excessive moves

update 2025.01.07 11:08

Japan's Finance Minister Katsunobu Kato on Tuesday that his government "will take appropriate action against excessive moves."

Additional quotes

Won't comment on forex levels.

Recently seeing one-sided, rapid moves.

Important for currencies to move in a stable manner reflecting fundamentals.

Alarmed over FX moves, including those driven by speculators.

Market reaction

USD/JPY is retreating from multi-month high of 158.42 following these above comments, trading 0.40% higher on the day at 158.22 at press time.


Date

Created

 : 2025.01.07

Update

Last updated

 : 2025.01.07

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