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Japan finance minister Suzuki says FX stability is important

currencycoach by currencycoach
June 20, 2023
in Forex trading
0
PBOC sets USD/ CNY reference rate for today at 6.6960 (vs. estimate at 6.7002)
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As expected, some comments out of Japan with USD/JPY popping even higher:

Suzuki:

  • FX stability important
  • Closely watching FX
    moves
  • No comment on FX
    levels
  • FX levels should be
    set by the market
  • FX should move
    stably reflecting the fundamentals

This is low-level verbal intervention. As I also said earlier, this is the real stuff to watch for:



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Tags: FinanceImportantJapanMinisterstabilitySuzuki
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