Japan's top forex official spoke as the yen falls to an intraday low

WendyCS

2024-05-07 01:51:25

Sina Financial News Japan’s top official for forex affairs, Mato Kanda, said that if the forex market is orderly, the government does not need to intervene. After his comment, the yen falls to an intraday low. USD/JPY pumped 0.2% to 154.24 at one point and pumped 0.6% on Monday. Kanda pointed out that if there is excessive or disorderly Fluctuation in the market, the government will take appropriate measures. Kanda did not comment on U.S. Treasury Secretary Janet Yellen’s remarks about forex intervention.

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