(Bloomberg) Japan’s Finance Minister Shunichi Suzuki sent a warning shot to investors on Friday, relating that he had told his Group of 20 counterparts that there will be cases when appropriate responses are required in foreign exchange markets. Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerNYC Boosts Security Ahead of ‘All Out for Palestine’ ProtestWider War in Middle East Could Tip the Wo
Japan likely won't seek to reverse the yen's downtrend with exchange-rate intervention as recent falls reflect economic fundamentals, former top currency diplomat Naoyuki Shinohara told Reuters. There is no set rule or shared agreement among G7 advanced nations on what kind of currency moves are defined as "excess volatility" that justify intervention, Shinohara said. "But usually, when you talk about excess volatility you have in mind a timeframe of several days or weeks," rather than several months, he said in an interview on Friday.
Swiss inflation declines by 0.1% The Swiss franc has extended its losses on Tuesday. In the European session, USD/CHF is trading at 0.9212, up 0.31%. Swis
(Bloomberg) Equity benchmarks fell across Asia after Wall Street capped off a poor week on a down note and as China’s worsening property slump continued to dampen market sentiment.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidStocks in Hong Kong fell around 2%