Masato Kanda, Japan’s top currency diplomatwho will instruct the BOJ to intervene when it deems necessary, has not commented on whether Japan intervened in the currency market.
Featured Statements
“No comment on whether Japan intervened in the currency market.”
“We are looking at implied volatility, there are several factors when determining what is an excessive move.”
“Unilateral and large movements would be considered excessive movements.”
“Our stance against excessive movement has not changed.”
“We will not comment on whether yesterday’s movement was excessive.”
“We will take appropriate measures against excessive movements without ruling out any options.”
“We have only taken measures that have the understanding of the US authorities“.
Market reaction
The Japanese Yen appreciated strongly against the US Dollar and then reversed its trend on Tuesday. At the time of writing, the USD/JPY pair is trading at 149.11, with a gain of 0.07% on the day.
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.