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
Gold sell
Period: 31.10.2026 Expectation: 3000 pips
Gold sell-off targets $4,000
18 September 2026 24
Period: 30.11.2026 Expectation: 5700 pips
Selling USDJPY down to 150.00
18 September 2026 20
Period: 30.09.2026 Expectation: 1500 pips
Invest in GBPUSD up to 1.36270
17 September 2026 33
Period: 15.10.2026 Expectation: 1000 pips
Selling SPX down to $7,490
16 September 2026 49
Brent sell
Period: 15.10.2026 Expectation: 800 pips
Brent crude sell-off targets $95.80
16 September 2026 32
Gold sell
Period: 31.10.2026 Expectation: 18000 pips
Go short on gold upon breaking $4,300
15 September 2026 58
Go to forecasts