Japan’s Kihara: Ready to respond 'appropriately' to Yen moves
Japanese Chief Cabinet Secretary Minoru Kihara told a regular press conference on Thursday, “we are ready to respond appropriately to currency moves as needed at any time,” when asked about the rapid decline in the Japanese Yen (JPY).
"We need to scrutinize such effects comprehensively," he said, adding “the government will closely watch market developments.”
Additional quotes
No comment on FX levels.
Watching FX moves closely.
Weak Yen helps improve corporate profits while increasing burden on households.
Market reaction
USD/JPY is off the intraday highs at 160.75, trading near 160.60 as of writing, modestly flat on the day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano Price Today Stalls at $0.21 While Minswap Fees Jump 92%
Zcash price slips from $1,300: could ZEC fall to $850 before targeting $2,500?
SecondFI reveals asset recovery tool following June’s Cardano wallet exploit
Solana price holds $100 as it nears symmetrical triangle breakout
Crypto prices
More
