🚨USDJPY - Japan's MOF, FSA, and BOJ to hold URGENT meeting

USDJPY - Japan's MOF, FSA, and BOJ to hold URGENT meeting


Japan's MOF, FSA, and BOJ to hold meeting to discuss financial markets
USD/JPY sees a bit of a quick dip to just under 151.50 now as this sudden meeting is called. It will take place in a little over 10 minutes from now with Japan top currency diplomat Kanda to brief the media after.- as reported by Forexlive

Let's see as this could be the moment when we can see the USDJPY moving lower.
It will be very interesting what they will share during the press conference.
It is clear something will happen considering that all the big leaders of the financial institutions are in the same place.

You may find more details in the chart!
Thank you and Good Luck!

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Comment:

Comment:

JAPAN'S TOP CURRENCY DIPLOMAT KANDA: WE'RE ALWAYS PREPARED TO ADDRESS ABNORMAL SITUATIONS.

Comment:

🚨Breaking : Japan top currency diplomat Kanda: Recent yen moves are not reflecting fundamentals

Comment:

🚨Japan top currency diplomat Kanda: Recent yen moves are not reflecting fundamentals

✅Speculative moves are behind recent yen movement
✅Does not consider a 4% move in a span of 2 weeks as being a "mild" move
✅Closely watching FX moves with a high sense of urgency

🔥✅Will not rule out any steps to respond to "disorderly" FX moves

Comment:

✅Breaking: US ADP private sector employment rises 184,000 in March vs. 148,000 forecast
The three biggest increases for job-changers were in construction, financial services, and manufacturing - as reported by FXstreet

The price again reacted to the stronger-than-expected US ADP data and stopped near 151.90. The market fears BOJ intervention and this is a strong reason why it is not penetrating this area.
However, the BOJ should intervene as soon as possible because the JPY situation is not good at all.
They also had an emergency meeting regarding the exchange rate, which did not reflect the fundamentals but nothing happened. SO let's see when the JPY saga ends