Forex

MOF’s Suzuki: Japan will act resolutely on forex volatility


© Reuters. FILE PHOTO: Japan’s Finance Minister Shunichi Suzuki speaks at a news conference after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – There are no changes to Japan’s position that it will act resolutely in case of volatility in the currency market, the Kyodo news agency quoted Japan’s Finance Minister Shunichi Suzuki as saying on Saturday.

The dollar jumped about 1% to a 32-year high 148.83 yen on Friday as investors remained focussed on the policy divergence between the U.S. Federal Reserve’s aggressive interest rate hikes and the Bank of Japan’s ultra-low rates.

 

 



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