net_left adver left

Japan repeats warning on sliding yen, keeps mum on FX intervention chance

Friday, June 10, 2022
Japan repeats warning on sliding yen, keeps mum on FX intervention chance © Reuters. FILE PHOTO: Japan's Finance Minister Shunichi Suzuki wearing a protective face mask delivers his policy speech during the start of an extraordinary session of the lower house of the parliament, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, J

By Daniel Leussink and Tetsushi Kajimoto

TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki on Friday refrained from commenting on the possibility of government intervention in the foreign exchange market to stem a weak yen, while maintaining his warning against any rapid fluctuations.

The latest jaw-boning came a day after the yen hit a fresh 20-year low against the dollar and a seven-year through against the euro on expectations the Bank of Japan (BOJ) will continue to lag behind other major central banks in exiting stimulus policy.

The weak yen trend has boosted the prices of imported commodities and pushed up the cost of living for resource-deficient Japan.

"I won't comment on currency levels, including the question (of intervention) to avoid causing any impact from an offhand comment," Suzuki told reporters when asked about the possibility of intervention.

"What's most important is currency stability as rapid fluctuations are not desirable," Suzuki told a news conference, repeating the official line.

"We will continue to carefully watch currency market movements and their impact on Japan's economy with a sense of urgency."

The Japanese currency on Thursday weakened to as much as 134.56 yen per dollar.

Japanese currency authorities were likely left in a bind over the yen's weakening, said Daisaku Ueno, chief forex strategist at Mitsubishi UFJ (NYSE:MUFG) Morgan Stanley (NYSE:MS) Securities.

"Verbal intervention is not working, while it has not reached a danger zone around 145 yen that I think warrants actual intervention," Ueno said.

The yen has lost over 14% against the dollar so far this year. It last traded at about 134.05 yen per dollar.

Japan in theory could take unilateral action by intervening, while giving U.S. authorities advanced notice of such a move, Ueno said.

"But that would upset (U.S. Treasury Secretary Janet) Yellen who is a firm believer of market-determined exchange rates, particularly at a time when the U.S. is battling rising inflation," he added.

However, despite repeating verbal warnings against the yen's recent weakening, Japanese authorities remain in no mood to intervene in the exchange market, partly because a strong U.S. dollar suggests the currency's slide is due to fundamental factors.

A government source with knowledge of the matter told Reuters on condition of anonymity that the velocity of the yen's move would matter the more than any particular levels in judging the need for intervention.

Suzuki on Friday said Japan's government would respond appropriately based on the Group of Seven agreement on foreign exchange.

There is no clear consensus among analysts on the trigger point for currency intervention.

Some investors had previously seen 125 yen to the dollar as a trigger for action in the foreign exchange market - the level known as the "Kuroda line" after BOJ Governor Haruhiko Kuroda signalled caution when the yen last reached that mark in 2015.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-06-2022 22:41:05 (UTC+7)

EUR/USD

1.0608

+0.0054 (+0.51%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0608

+0.0054 (+0.51%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2304

+0.0042 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

USD/JPY

135.20

+0.03 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6942

-0.0006 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.2875

-0.0018 (-0.14%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (2)

EUR/JPY

143.41

+0.76 (+0.53%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

EUR/CHF

1.0128

+0.0019 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

Gold Futures

1,824.75

-5.55 (-0.30%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Silver Futures

21.300

+0.141 (+0.67%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (7)

Sell (1)

Copper Futures

3.7905

+0.0460 (+1.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

109.61

+1.99 (+1.85%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

110.95

+1.85 (+1.70%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

6.328

+0.047 (+0.75%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

US Coffee C Futures

221.15

-2.10 (-0.94%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Euro Stoxx 50

3,539.95

+6.78 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (5)

S&P 500

3,921.80

+10.06 (+0.26%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

DAX

13,188.05

+69.92 (+0.53%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (5)

FTSE 100

7,254.69

+45.88 (+0.64%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (6)

Hang Seng

22,229.52

+510.46 (+2.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,778.40

+15.94 (+0.90%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

IBEX 35

8,249.93

+5.83 (+0.07%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

BASF SE NA O.N.

42.835

+0.620 (+1.47%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

59.35

+1.56 (+2.70%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

Allianz SE VNA O.N.

181.68

+0.48 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Adidas AG

172.54

+2.18 (+1.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

5.992

+0.026 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

104.32

+1.70 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

8.880

-0.039 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

 EUR/USD1.0608Sell
 GBP/USD1.2304↑ Sell
 USD/JPY135.20↑ Buy
 AUD/USD0.6942↑ Sell
 USD/CAD1.2875Neutral
 EUR/JPY143.41Neutral
 EUR/CHF1.0128↑ Sell
 Gold1,824.75↑ Buy
 Silver21.300Neutral
 Copper3.7905↑ Buy
 Crude Oil WTI109.61↑ Buy
 Brent Oil110.95↑ Buy
 Natural Gas6.328Neutral
 US Coffee C221.15↑ Buy
 Euro Stoxx 503,539.95↑ Sell
 S&P 5003,921.80Sell
 DAX13,188.05Sell
 FTSE 1007,254.69↑ Sell
 Hang Seng22,229.52↑ Sell
 Small Cap 20001,778.40Sell
 IBEX 358,249.93Sell
 BASF42.835↑ Buy
 Bayer59.35Sell
 Allianz181.68↑ Buy
 Adidas172.54↑ Buy
 Lufthansa5.992↑ Buy
 Siemens AG104.32↑ Buy
 Deutsche Bank AG8.880↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,775/ 6,845
(15/ 5) # 1,667
SJC HCM6,790/ 6,860
(5/ -5) # 1,683
SJC Hanoi6,790/ 6,862
(5/ -5) # 1,685
SJC Danang6,790/ 6,862
(5/ -5) # 1,685
SJC Nhatrang6,790/ 6,862
(5/ -5) # 1,685
SJC Cantho6,790/ 6,862
(5/ -5) # 1,685
Cập nhật 27-06-2022 22:41:07
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,822.56-8.39-0.46%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$108.28-2.85-2.71%
Brent$110.84-2.79-2.58%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.932,6125.273,13
GBP27.815,2929.001,83
JPY167,64177,48
KRW15,5718,97
Cập nhật lúc 18:53:21 27/06/2022
Xem bảng tỷ giá hối đoái
adver main right