TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. "We will watch currency market developments with a strong sense of urgency, and will respond appropriately against excessive moves without ruling out any options," Suzuki told parliament. Suzuki said various factors are driving currency moves such as the Bank of Japan's decision to end negative interest rates, Japan's current account balance, price moves, geopolitical risks, as well as market players' sentiment and speculative trades.
Japan s Finance Minister Says Speculative Moves in Currency Market Impacting Yen
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Japan Flags Speculative Yen Moves, Signals Chance of Intervention
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Japanese Finance Minister
Shunichi Suzuki said on Friday there were speculative moves
behind recent yen declines, suggesting authorities remained on
stand-by to intervene in the market to address any. -March 29, 2024 at 02:18 am EDT
- MarketScreener
Tokyo Electric Power Co said on Thursday it had applied for regulatory
approval to load nuclear fuel into reactor No. 7 at its
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restart.