Select Language

Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable

blockHeadVisual
  1. HOME
  2. Get information
  3. World FX news
  4. Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable

World FX news

search
Breaking news

Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable

  • X
  • facebook
  • LINE
  • RSS
  • X
  • facebook
  • LINE
  • RSS
New update 2025.03.31 10:57
Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable

update 2025.03.31 10:57

Japanese Finance Minister Katsunobu Kato said on Monday, they "have agreed with the US that excessive moves on forex are undesirable."

Additional comments

"Will communicate closely with the US counterparts on forex."

"Will continue to proactively communicate with the US."

"Have been communicating with the US at various levels."

Market reaction

USD/JPY is defending 149.00 following these comments, still down 0.45% on the day so far.  

Japanese Yen FAQs

The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.

One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.

Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.

The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.

Date

Created

 : 2025.03.31

Update

Last updated

 : 2025.03.31

Related articles

Show more

Writer

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?
No loading Yes loading

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Previous article

prev

Australian Dollar climbs after upbeat Chinese PMI data

Next article

Gold price conquers $3,100 for the first time ever on tariff war fears

prev

Most viewed

Gold price up over 10% in April, hits $3,500 on Fed spat turmoil

Gold price (XAU/USD) shows no signs of fatigue and extends its rally higher yet again, hitting another record high at $3,500 in early Asian trading on Tuesday.
New
update2025.04.22 17:52

JPY: Strong position - ING

The Japanese Yen (JPY) is the biggest winner in this latest round of USD selling, as it responds to both the equity slump and the risks of the Fed's independence.
New
update2025.04.22 17:50

GBP/JPY: Pound Sterling cross rates mixed at the start of the European session

Pound Sterling (GBP) crosses trade mixed at the start of Tuesday, according to FXStreet data. The Pound Sterling (GBP) to the Japanese Yen changes hands at 188.02, with the GBP/JPY pair declining from its previous close at 188.44.
New
update2025.04.22 17:50

JPY: Strength mainly vs. the USD - Commerzbank

The Japanese yen continued to strengthen against the US dollar over the holiday weekend, with the USD/JPY approaching 140 this morning.
New
update2025.04.22 17:48

USD: Confidence crisis extends - ING

US Dollar (USD) losses of the past few weeks have been a combination of mounting US growth concerns and a loss of confidence in the dollar as a safe haven. The round of USD weakness seen on Easter Monday belongs to both trends.
New
update2025.04.22 17:43

Dollar weakness due to threat to Fed independence - ING

The US president's attacks on Fed Chair Jay Powell are intensifying. And the dollar is weakening accordingly. The President of the United States is not well versed in conventional forms of politeness. We also know that he prefers a loose monetary policy.
New
update2025.04.22 17:38

WTI rises to near $63.50 due to covering short positions

West Texas Intermediate (WTI) Oil price retraces its recent losses from the previous session, trading around $63.30 per barrel during the European hours on Tuesday. The uptick in crude Oil prices came as investors took advantage of Monday's sharp sell-off to cover short positions.
New
update2025.04.22 17:30

Gold surges to fresh record high - ING

Gold surged to new record highs as President Trump threatened to fire US Federal Reserve Chair Jerome Powell, sparking a flight to safe-haven assets, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
update2025.04.22 17:28

EUR/GBP today: Euro cross rates mixed at the start of the European session

Euro (EUR) crosses trade mixed at the start of Tuesday, according to FXStreet data.
New
update2025.04.22 17:27

EUR: 1.20 discussion now open - ING

The latest round of dollar depreciation has sent EUR/USD through the 1.150 level. Now, there isn't any other key resistance until 1.20. Picking a top in the pair has proven a frustrating exercise, and Trump's attack on the Fed is likely extending the confidence crisis on the dollar.
New
update2025.04.22 17:23

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

arw
  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Line

Line
Facebook

Facebook
X

Twitter
Cancel