Japan’s Kato: Will take appropriate action against excessive moves
Source Fxstreet
Japan’s Finance Minister Katsunobu Kato on Tuesday that his government “will take appropriate action against excessive moves.”
Additional quotes
Won't comment on forex levels.
Recently seeing one-sided, rapid moves.
Important for currencies to move in a stable manner reflecting fundamentals.
Alarmed over FX moves, including those driven by speculators.
Market reaction
USD/JPY is retreating from multi-month high of 158.42 following these above comments, trading 0.40% higher on the day at 158.22 at press time.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Gold Price Forecast: XAU/USD gains momentum to near $5,050 amid geopolitical risks, Fed uncertaintyGold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty. The US ADP Employment Change and Consumer Confidence reports will be published later on Tuesday.
Gold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty. The US ADP Employment Change and Consumer Confidence reports will be published later on Tuesday.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP deepen sell-off as bears take control of momentumBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
Australian shares post their worst loss in two months as gold miners slump 7.2% on hawkish US Fed outlooks and looming RBA rate hike fears.
Bitcoin price targets remain bearish as it struggles near multi-month lows, influenced by historical bear market trends.
Related Instrument
