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Japan’s Aoki Urges Caution on Forex Movements Amid Selling Pressure on USD/JPY

by Elena

Kazuhiko Aoki, Japan’s Deputy Chief Cabinet Secretary, stated on Thursday that he is “closely watching FX moves with a sense of urgency.” He refrained from commenting on specific foreign exchange levels but emphasized the importance of stable currency movements that reflect economic fundamentals. Aoki indicated that the government is monitoring forex fluctuations closely, particularly in relation to speculative activities.

Following these remarks, the USD/JPY currency pair experienced renewed selling pressure, testing the 152.50 level and reflecting a decline of 0.14% for the day at the time of writing.

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