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Apr 17 - 10:55 PM

USD/JPY - Off Fresh High On Fresh Verbal Intervention

By Haruya Ida  —  Apr 17 - 09:30 PM

  • More verbal intervention from Japanese officials at Tokyo market start

  • FinMin Suzuki - No comment on actual intervention, FX levels

  • But emphasizes FX stability important, FX could affect economy

  • No comment on BoJ Gov Kuroda comment weak JPY 'positive'

  • Kuroda weighs in, desirable for FX to move stably reflecting fundamentals

  • Sharp JPY moves could impact economy, sticks to 'positive' view of weak JPY

  • USD/JPY off some from fresh high earlier of 126.79 to 126.31 EBS

  • See nT9N2VJ06C, nT9N2WA00W, also nL2N2VZ093, nL2N2VS04V

  • For more click on FXBUZ


USD/JPY hourly: Click here

Source:
Refinitiv IFR Research/Market Commentary

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