Japan's Kanda: Important for forex rates to move stably reflecting fundamentals
Japan's top currency diplomat Masato Kanda commented on the weaker Japanese Yen (JPY) on Thursday.
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Japan's top currency diplomat Masato Kanda commented on the weaker Japanese Yen (JPY) on Thursday.
The Bank of Japan (BoJ) will announce its monetary policy decision first thing Tuesday.
The USD is little changed as is the JPY after the BOJ kept rates unchanged.
The Japanese Yen (JPY) kicks off the new week on a positive note and recovers further from its lowest level since November 28 touched on Friday against the US Dollar (USD).
The Japanese Yen (JPY) remains on the front foot against its American counterpart for the second successive day on Tuesday and seems rather unaffected by falling rates of inflation in Tokyo – Japan’s capital city.