After the many verbal interventions in the past few days, the situation seems pretty clear. Personally, I won't take Kanda's remarks as being a green light for further yen depreciation. It sounds more of a passive-aggressive approach, if anything else. USD/JPY continues to sit poised around 151.70 levels on the day, just under the 2022 and 2023 highs of 151.90-94.
Japan top currency diplomat Kanda says no plan to issue statement on FX today
- Kanda adds that there is no need for the government, BOJ, and FSA to hold talks on FX for now
