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Japan likely won t intervene to reverse yen downtrend - ex-top FX diplomat

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. . -October 08, 2023 at 07:53 pm EDT - MarketScreener

Japan likely won t intervene to reverse yen downtrend - Japan ex-top FX diplomat

Japan likely won t intervene to reverse yen downtrend, ex-top currency diplomat says

TOKYO 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.

USD/JPY holds above 149 00 mark, upside remains capped on Israeli-Palestinian conflict

The USD/JPY pair struggles to capitalize on Friday's positive move and opens with a modest bearish gap on the first day of a new week. Spot prices, ho

Japan likely won t intervene to reverse yen downtrend

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.

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