The post Deeply concerned about excessive, one-sided moves on forex appeared on BitcoinEthereumNews.com.

Japanese Finance Minister Shunichi Suzuki said on Friday that he is “deeply concerned about excessive, one-sided moves on forex. “ Additional comments Won’t comment on forex levels. Important for currencies to move in stable manner reflecting fundamentals. Rapid FX moves undesirable. Deeply concerned about excessive, one-sided moves on forex. Closely watching FX moves with a high sense of urgency. No comment on whether current levels are excessive or not. Believe trust in Japanese currency maintained. Market reaction At the time of writing, USD/JPY is extending a retreat from a new 38-year peak of 161.28, currently trading near 160.90. The pair is still up 0.10% on the day. Source: https://www.fxstreet.com/news/japans-suzuki-deeply-concerned-about-excessive-one-sided-moves-on-forex-202406280248

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Filed under: News - @ June 28, 2024 4:24 am