- Analytics
- News and Tools
- Market News
- USD/JPY corrects sharply after Japan official says recent FX moves are 'extremely worrying'
USD/JPY corrects sharply after Japan official says recent FX moves are 'extremely worrying'
An official at Japan’s Finance Ministry said Thursday, the recent FX moves are 'extremely worrying'.
Additional comments
Important for forex rates to move stably reflecting fundamentals.
Excess FX volatility is undesirable.
Will take appropriate action if needed.
Communicating closely with BOJ, currency authorities of other countries.
Market reaction
In an immediate reaction to the Japanese jawboning, USD/JPY dropped nearly 65-pips to 130.20 before recapturing 130.50.
The spot is currently trading at 130.56, up 1.65% on the day, having hit 131.00 for the first time in 20 years in the last hour.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
