Free Trial

USD/JPY Lower, As Matsuno States Japan Ready To Act On FX

JPY

USD/JPY spiked to a fresh high 143.70, amid a flurry of comments from Japanese officials around the currency. Comments from Finance Minister Suzuki appeared in line with recent rhetoric. However, Cabinet Secretary Matsuno stated that the authorities were concerned by rapid one-sided moves and that Japan would take actions if such moves continued.

  • The latter comments by the Cabinet Secretary have helped pull USD/JPY from its highs, we are around 30pips lower to 143.40 currently.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.