{"id":246929,"date":"2024-02-14T05:25:08","date_gmt":"2024-02-13T23:55:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=246929"},"modified":"2024-02-14T05:25:08","modified_gmt":"2024-02-13T23:55:08","slug":"mof-will-take-appropriate-steps-on-fx-as-needed-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/mof-will-take-appropriate-steps-on-fx-as-needed-crypto-news\/","title":{"rendered":"MOF will take appropriate steps on FX as needed – Crypto News"},"content":{"rendered":"

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Japan’s top currency diplomat Masato Kanda, who will instruct the BOJ<\/a> to intervene, when he judges it necessary, warned that recent movements in the foreign exchange market have been rapid, and authorities stand ready to take steps in the market if needed, per Bloomberg.\u00a0<\/p>\n

Key quotes<\/strong><\/h2>\n
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\u201cRecent Yen moves are rapid.\u201d<\/p>\n

\u201cClosely watching FX moves with a high sense of urgency.\u201d<\/p>\n

\u201cWill take appropriate actions if needed on forex.\u201d<\/p>\n

\u201cReady to take action on forex anytime 24 hours all year around just like natural disaster.\u201d<\/p>\n

\u201cRapid forex moves could have adverse impact on economy.\u201d<\/p>\n

\u201cClosely communicating with the Bank of Japan.\u201d<\/p>\n

\u201cUp to the BOJ to decide monetary policy.\u201d<\/p>\n

\u201cFX moves seem to be reflecting both fundamentals and speculative moves.\u201d<\/p>\n

\u201cWe perceive the Yen’s fall by around 10 Yen a month as rapid.\u201d<\/p>\n

\u201cSuggests appropriate responses to weak yen could include intervention.<\/p>\n<\/blockquote>\n

Market reaction<\/strong><\/h2>\n

At the time of writing,\u00a0USD\/JPY\u00a0is trading at 150.64, losing 0.09% on the day.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: Japan’s top currency diplomat Masato Kanda, who will instruct the BOJ to intervene, when he judges it necessary, warned that recent movements in the foreign exchange market have been rapid, and authorities stand ready to take steps in the market if needed, per Bloomberg.\u00a0 Key quotes \u201cRecent Yen moves are rapid.\u201d \u201cClosely watching FX […]<\/p>\n","protected":false},"author":2,"featured_media":7287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,251,246,257,255,1062,250,333,252,247,253,249,256,254],"class_list":["post-246929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=246929"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246929\/revisions"}],"predecessor-version":[{"id":246930,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246929\/revisions\/246930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7287"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=246929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=246929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=246929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}