Japan top currency diplomat Kanda says no plan to issue statement on FX today ...Middle East

After the many verbal interventions in the past few days, the situation seems pretty clear. Personally, I won't take Kanda's remarks as being a green light for further yen depreciation. It sounds more of a passive-aggressive approach, if anything else. USD/JPY continues to sit poised around 151.70 levels on the day, just under the 2022 and 2023 highs of 151.90-94. This article was written by Justin Low at www.forexlive.com.

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