Wage agreement may be game-changing in a way. First meeting of the new BoJ Governor Ueda takes place on April 28th

Japan’s Top Currency Diplomat Kanda's Statement About FX Intervention

Japan’s top currency diplomat Masato Kanda said on Friday that he “has never felt a limit to ammunition for currency intervention.”

Kanda added, “making various steps so as not to face a limit to ammunition when it comes to FX intervention.”

Market reaction

USD/JPY is extending its retreat from above 145.00 on Japanese verbal intervention. The pair is trading -0.21% on the day at 144.81, as of writing.

Wage agreement may be game-changing in a way. First meeting of the new BoJ Governor Ueda takes place on April 28th

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