9 September 2022 | Other

Japanese government committed to take action to handle 'rapid, one-sided' yen changes

According to the statement made by Seiji Kihara, Deputy Chief Cabinet Secretary, the government is determined to act firmly to address the situation with the rapid changes in the yen exchange rates.

Kihara expressed his concern over the nature of said changes, calling the registered moves  'rapid and one-sided', and spoke about the intention of the country’s headship to act firmly in case such moves continues.

Seiji Kihara declined to comment on certain attitudes of some market participants when asked about a potential yen-buying intervention.

The weakening of the national currency, which was initially perceived from a positive side as being a tool for expert strengthening, is now becoming a problem for the Japanese government due to the effect it has on the already expensive import of fuel and resources.

Company MarketCheese
Period: 29.06.2026 Expectation: 730 pips
Invest in AUDCAD with 0.99500 target
29 May 2026 37
Period: 05.06.2026 Expectation: 1525 pips
GBPUSD may find its footing as selling storm subsides
29 May 2026 30
Brent sell
Period: 05.06.2026 Expectation: 700 pips
Brent crude loses ground amid looming US-Iran peace deal
29 May 2026 28
Period: 29.06.2026 Expectation: 1650 pips
Buying USDCAD with 1.39500 in view
29 May 2026 21
Gold sell
Period: 28.06.2026 Expectation: 400 pips
Selling gold upon breaking below support
28 May 2026 107
Period: 31.08.2026 Expectation: 5000 pips
Invest in USDJPY from 155.00
28 May 2026 44
Go to forecasts