Japan’s top foreign exchange diplomat, Kanda, said on Thursday that recent rapid and speculative movements are taking place in the yenas reported by Reuters.
Additional comments
“The yen’s recent decline cannot be justified on fundamentals.”
“The recent movements of the yen are clearly described as excessive volatility“.
“He does not rule out any measure, he is prepared to act in the foreign exchange market“.
“The government and the BoJ are very worried by the recent movements of the yen”.
“I hope that the BoJ will adopt the appropriate policy based on its mandate.”
“Coordinating closely with other nations, including the US.”
“We are being able to communicate closely with other countries about movements in the foreign exchange market.”
Source: Fx Street
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