{"id":6734,"date":"2023-10-29T13:41:58","date_gmt":"2023-10-29T13:41:58","guid":{"rendered":"https:\/\/infundpros.com\/markets\/currencies\/japan-to-respond-to-fx-moves-with-strong-sense-of-urgency-finance-minister\/"},"modified":"2023-10-29T13:41:58","modified_gmt":"2023-10-29T13:41:58","slug":"japan-to-respond-to-fx-moves-with-strong-sense-of-urgency-finance-minister","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=6734","title":{"rendered":"Japan to respond to FX moves with &#8216;strong sense of urgency&#8217; -Finance Minister"},"content":{"rendered":"<div>\n<p>TOKYO (Reuters) -Japan will continue to respond to the currency market &#8220;with a strong sense of urgency,&#8221; Finance Minister Shunichi Suzuki told reporters on Friday, as the yen weakened past 150 against the U.S. dollar.<\/p>\n<p>&#8220;It&#8217;s important for currencies to move stably reflecting fundamentals,&#8221; Suzuki said. &#8220;Excessive currency volatility is undesirable.&#8221;<\/p>\n<p>Suzuki, while repeating his usual mantra on market moves, declined to comment further when asked whether there had been any recent currency intervention.<\/p>\n<p>The Japanese currency broke past 150 yen to the dollar this week to reach its weakest level since October last year when authorities intervened in the market to stem the weakness.<\/p>\n<p>The 150 yen line is perceived by investors as a danger zone that could trigger currency intervention by Japanese authorities. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/economy\/japan-finance-minister-suzuki-will-respond-to-fx-with-strong-sense-of-urgency-3211118\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) -Japan will continue to respond to the currency market &#8220;with a strong sense of urgency,&#8221; Finance Minister Shunichi Suzuki told&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-6734","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-currencies"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japan to respond to FX moves with &#039;strong sense of urgency&#039; -Finance Minister | inFundPros<\/title>\n<meta name=\"description\" content=\"TOKYO (Reuters) -Japan will continue to respond to the currency market &quot;with a strong sense of urgency,&quot; Finance Minister Shunichi Suzuki told reporters\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=6734\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan to respond to FX moves with &#039;strong sense of urgency&#039; 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