Japanese Prime Minister Sanae Takaichi said on Friday that the government is in close contact with US financial authorities on the currency market. She further stated that the officials will strive to preserve an orderly foreign exchange market.
Key quotes
Won’t discuss forex.
In close contact with US financial authorities on currency market.
Will strive to preserve orderly forex market.
Currency rates shaped by multiple factors.
Managing economic and fiscal policy while closely monitoring market trends.
Economy, fiscal policy not designed to influence forex.
Market reaction
At the time of writing, the USD/JPY pair is up 0.0q% on the day at 159.90.
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