Published: 2024-10-24T03:35:57.000Z

USD/JPY flows: Jawboning heard

byCephas Kin Long Yung

FX Analyst
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Japan finance minister Kato says Rapid moves seen in recent FX market

Japan's Deputy Chief Cabinet Secretary Kazuhiko Aoki says watching for speculative FX moves

Finally, we are hearing some verbal intervention from Japanese officials. As pale as those words are, such are signs that the latest JPY weakness have caught their eyes. We do not see an immediate intervention in the FX market but the pace of rally will likely moderates for a while.

USD/JPY is down 0.16% at 152.50.

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