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Japan’s Hayashi: No comment on FX moves

July 18, 2024
in Business
Japan’s Hayashi: No comment on FX moves
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Japan Chief Cabinet Secretary Yoshimasa Hayashi declined to comment on the forex (FX) moves.

Additional comments

Specifics of monetary policy are up to the BoJ to decide.

BoJ monetary policy is not aimed at guiding FX levels.

Closely monitoring FX market.

Market reaction

At the time of writing, USD/JPY is trading just above 156.00, reversing the recovery from the 155.38 lows reached in early Asian hours.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.

 
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF

USD
 
0.06%
0.08%
-0.05%
-0.08%
-0.17%
0.17%
-0.00%

EUR
-0.06%
 
0.03%
-0.10%
-0.13%
-0.23%
0.12%
-0.06%

GBP
-0.08%
-0.03%
 
-0.14%
-0.16%
-0.26%
0.10%
-0.08%

JPY
0.05%
0.10%
0.14%
 
-0.05%
-0.12%
0.19%
0.05%

CAD
0.08%
0.13%
0.16%
0.05%
 
-0.09%
0.25%
0.08%

AUD
0.17%
0.23%
0.26%
0.12%
0.09%
 
0.35%
0.20%

NZD
-0.17%
-0.12%
-0.10%
-0.19%
-0.25%
-0.35%
 
-0.17%

CHF
0.00%
0.06%
0.08%
-0.05%
-0.08%
-0.20%
0.17%
 

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

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If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
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