Japanese Finance Minister Cautions Against Yen Volatility as Currency Nears 150 per Dollar

Japanese Finance Minister warns against speculative currency moves as yen nears 150 per dollar
Authorities watching market closely and ready to respond if needed
Weak yen raises import costs, affecting inflation along with other factors
New 10-year bonds at 0.8% raise borrowing costs, impact being monitored
Currencies should move stably based on economic fundamentals, volatility concerning

investing.com

Relevant topic timeline:

9/22/2023

Japanese Government Monitoring Currency Markets Closely Amid Recent Volatility

Japan’s Chief Cabinet Secretary Hirokazu Matsuno is closely monitoring the movements of forex markets with a high sense of urgency and expects the Bank of Japan to cooperate closely with the government.

10/3/2023

Yen Nears 150 Per Dollar as Traders Wary of Intervention Amid Hawkish Fed Rhetoric

Traders remain wary as the yen approaches 150 per dollar and the strong dollar dominates, leading to low risk appetite and a lower open in European markets.

10/13/2023

Japan Warns May Intervene if Yen Falls Too Far on Dollar Strength

Japanese Finance Minister Shunichi Suzuki has informed G20 counterparts that Tokyo may need to take action based on currency market movements, particularly due to excess volatility.

10/13/2023

Japan Warns Against 'Excessive' Yen Moves, Hints at Possible Intervention

Japan's Finance Minister Shunichi Suzuki has warned investors about the need for appropriate responses in the foreign exchange market, emphasizing that excessive moves in the currency market are undesirable.

10/26/2023

Japanese Officials on Alert as Yen Plunges, Raising Inflation and Putting Pressure on Central Bank

Japanese policymakers maintain their warning against selling the yen as it weakens to a one-year low against the dollar, keeping pressure on the Bank of Japan to adjust its ultra-low rate policy.

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Posted 10/3/2023, 2:14:00 AM

Japanese Finance Minister Cautions Against Yen Volatility as Currency Nears 150 per Dollar

Japanese Finance Minister warns against speculative currency moves as yen nears 150 per dollar
Authorities watching market closely and ready to respond if needed
Weak yen raises import costs, affecting inflation along with other factors
New 10-year bonds at 0.8% raise borrowing costs, impact being monitored
Currencies should move stably based on economic fundamentals, volatility concerning

investing.com

Relevant topic timeline:

9/22/2023

Japanese Government Monitoring Currency Markets Closely Amid Recent Volatility

10/3/2023

Yen Nears 150 Per Dollar as Traders Wary of Intervention Amid Hawkish Fed Rhetoric

Traders remain wary as the yen approaches 150 per dollar and the strong dollar dominates, leading to low risk appetite and a lower open in European markets.

10/13/2023

Japan Warns May Intervene if Yen Falls Too Far on Dollar Strength

Japanese Finance Minister Shunichi Suzuki has informed G20 counterparts that Tokyo may need to take action based on currency market movements, particularly due to excess volatility.

10/13/2023

Japan Warns Against 'Excessive' Yen Moves, Hints at Possible Intervention

10/26/2023

Japanese Officials on Alert as Yen Plunges, Raising Inflation and Putting Pressure on Central Bank

Japanese policymakers maintain their warning against selling the yen as it weakens to a one-year low against the dollar, keeping pressure on the Bank of Japan to adjust its ultra-low rate policy.