Home Japan FX Diplomat: Watching FX moves with sense of urgency – Reuters

Japan FX Diplomat: Watching FX moves with sense of urgency – Reuters

Updated: 5 Aug. 2019 | 04:27

“We are watching moves in the exchange rate with a sense of urgency,” the Japanese Ministry of Finance Forex head Yoshiki Takeuchi said on Monday, according to Reuters.

Takeuchi added that exchange rate stability is important.

USD/JPY pair fell to a seven-month low of 105.80 earlier today, as the Yuan slide put a bid under the anti-risk Japanese Yen. The currency pair is currently trading at 106.08, down more than 300 pips from Thursday’s high of 109.32.

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