Tag: yen moves,
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Japan vows effort to maintain orderly yen moves
TOKYO, Sept 17 : Japan will continue to strive towards maintaining orderly yen moves through close communication with the United States, its top government spokesperson said on Thursday in the wake of the yen’s renewed slide.The US Federal Reserve’s interest rate hike on Wednesday triggered a broad dollar ri
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Japan FX chief Mimura says on alert over yen moves, not reassured
TOKYO, Sept 3 : Japan’s top currency diplomat Atsushi Mimura said on Thursday that he remained on alert over currency market developments, warning that he was not yet comfortable with recent moves in the yen.The yen extended gains after a sudden burst higher on Wednesday, though traders pointed to rising bets
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Bessent says yen moves ‘pretty contained’ and not disorderly
ASHEVILLE, North Carolina, Aug 30 : U.S. Treasury Secretary Scott Bessent said on Sunday recent yen moves were “pretty well contained,” suggesting the Japanese currency’s renewed slides were not seen as the kind of disorderly moves that led to a rare joint Japan-U.S. intervention last month.The yen slid below
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Bessent says disorderly yen moves can destabilize global markets
Aug 29 : U.S. Treasury Secretary Scott Bessent said disorderly moves in the yen could trigger “forced unwinds” of positions that risk destabilizing global markets and ultimately raising borrowing costs for U.S. households and businesses. Bessent made the comments in a letter dated August 27 and posted on h
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Japan ready to respond to yen moves at any time, finance minister says
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the yen’s slide to a four-decade low.”This includes taking decisive action, as confirmed between Japan and the U.S.,” Katayama told a
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Japan ready to respond ‘appropriately’ to yen moves, government spokesperson says
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves, the government’s top spokesperson said on Thursday as the yen’s renewed slide tests Tokyo’s readiness to intervene in the market to prop up the sagging currency.”We are ready to respond appropriately to currency moves as needed a
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