Japan's Currency Chief Kanda Warns Against Speculative FX Moves
TL;DR
Japan's vice finance minister for international affairs, Masato Kanda, has warned against speculative moves in the foreign exchange market as the yen remains weak against the dollar, trading around 150-151 per dollar since the Bank of Japan's recent interest rate hike. Kanda emphasized that the yen's current weakening is not in line with fundamentals and is driven by speculation, stating that appropriate action will be taken against excessive fluctuations.
- Japan's Currency Chief Warns Against Speculative Moves in Market Bloomberg
- Japan FX tsar Kanda says speculation behind weak yen, ready to take action CNBC
- Japan's top currency diplomat Kanda closely watching FX moves with high sense of urgency Forex Factory
- Japan Kanda says closely watching FX moves with high sense of urgency ForexLive
- Japan top currency diplomat says yen weakness doesn't reflect fundamentals Nikkei Asia
Want the full story? Read the original reporting
Read on Bloomberg