TODAY'S MARKET INTELLIGENCE
Japan's Top Currency Diplomat Mimura Warns: Ready to Intervene in Yen, Denies Funding Constraints
English summary
Japan's top currency diplomat Atsushi Mimura stated on Monday that authorities are ready to address excessive yen depreciation and denied any funding constraints for intervention. His remarks pushed USD/JPY down to around 156.75. Despite the BOJ raising rates to 1.25%, the US-Japan interest rate differential remains the primary pressure on the yen.
The English text is machine translated and may require verification against the Chinese version.
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