By Content Admin — Oct 19 - 10:50 PM
Japan FinMin Suzuki again over wires today with verbal intervention
Emphasizes importance of currency stability, ccys must reflect fundamentals
Currency rates set by various factors, no comment on levels, response
Middle East conflict adding to uncertainties over global, Japan economies
Nothing new in comments, caution but most still see no real FX action
Separately, BOJ continuing with operations to cap JGB yields
Yields up marginally, JGB 10s to fresh 0.870% yesterday, today @0.837%
On Suzuki nP8N3B304I, BOJ ops nL1N3BQ036, nP8N3B304G
Related comments nL1N3BM060, nL1N3BO014, for more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary