Japan to Take Appropriate Steps on Excessive FX Moves, Kanda Says

-- Japan ’s top currency official Masato Kanda reiterated his stance that disproportionate currency moves will be acted on after the yen weakened to the lowest level in three weeks.Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes

Speaking earlier this week in Stresa, US Treasury Secretary Janet Yellen said that intervention should be a seldom-used tool that officials give fair warning about when they resort to it.While declining to comment on specific remarks by other officials, Kanda indicated that Yellen’s words won’t stop Japan from intervening as he is in close contact with counterparts — and the US in particular.

The yen gained a little immediately after Kanda’s comments, trading at around 156.90 per dollar in the evening in Europe after touching 157.15 earlier the day. -- Publisher Simon & Schuster Inc. is seeking a 90-day extension to file its audited financial results for 2023 and for the first quarter of 2024, according to people with knowledge of the matter.

Investing.com -- Federal Reserve interest rate cuts are "off the table for now" following recent commentary from policymakers and minutes from the central bank's latest meeting, analysts at Bank of America Global Research wrote on Friday.Bank of Japan Governor Kazuo Ueda said on Thursday the economy was on track for a moderate recovery, suggesting a slump in first-quarter gross domestic product alone would not keep the central bank from raising interest rates in coming months.

Bloomberg Masato Kanda Currency Intervention Janet Yellen Foreign Exchange Rates

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan to Take Appropriate Steps on Excessive FX Moves, Kanda SaysJapan’s top currency official Masato Kanda reiterates his stance to take appropriate steps against excessive currency moves.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Japan forex authorities ready 24 hours, top currency diplomat Kanda saysExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Japan’s Kanda Says ‘No Comment for Now’ When Asked If IntervenedJapan’s top currency official declined to comment on whether Tokyo had intervened in the currency market Monday following a sharp move in the market that sliced 2% off the dollar-yen exchange rate.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Japan’s Kanda Says ‘No Comment for Now’ When Asked If Intervened(Bloomberg) -- Japan’s top currency official declined to comment on whether Tokyo had intervened in the currency market Monday following a sharp move in the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Japan’s Kanda: Nothing to Say on Whether We Intervened on Yen(Bloomberg) -- Japan’s top currency official declined to confirm if authorities had stepped into the foreign exchange market early Thursday in Tokyo, in a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Japan’s Kanda: Nothing to Say on Whether We Intervened on YenJapan’s top currency official declined to say if authorities stepped into the foreign exchange market early Thursday in Tokyo, in a comment following a sharp strengthening of the yen.
Source: BNNBloomberg - 🏆 83. / 50 Read more »