Published: 2024-04-18T03:52:02.000Z
USD/JPY flows: Kanda getting serious
FX Analyst
-
Kanda says Japan is in talks on FX and other issues with US & others and G7 reconfirmed commitment on forex stance put forward by Japan
While BoJ's Noguchi says it is essential for BoJ to maintain ultra-loose monetary policy
Kanda says Japan is in talks on FX and other issues with US & others and G7 reconfirmed commitment on forex stance put forward by Japan after attending the G20 meeting. While BoJ's Noguchi says it is essential for BoJ to maintain ultra-loose monetary policy, it is the lack of strength in the rhetoric that have dissipated the impact of verbal intervening and reverse the early bids for JPY.
As USD/JPY goes higher and higher, it seems Kanda is getting serious to at least stall the weakness in JPY. USD/JPY is down 0.08% to 154.26 with both the U.S. Treasury and JGB yields losing.