Masato Kanda is vice-minister for international affairs at Japan’s Ministry of Finance. He is the official who will instruct the BOJ to intervene, when he judges it necessary, and is often referred to as Japan’s ‘top currency diplomat’.
- US exchange rate list assessed against mechanical criteria
- Ready to take
actions if excess fx move seen - Fx intervention has
been effective - Don’t see problem
after Japan added to US currency monitoring list
The list he is referring to:
Kanda spoke yesterday also:
USD/JPY seeing a hit to a few bids. Compared to the uprun its pretty close to a nothing move:
This article was written by Eamonn Sheridan at www.forexlive.com. Source