Japan’s Hayashi: Important for currencies to move in a stable manner, reflecting fundamentals

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Thursday that it is “important for currencies to move in a stable manner, reflecting fundamentals.”

Additional comments

Won't comment on forex levels

Closely watching FX moves thoroughly.

Market reaction

At press time, USD/JPY is down 0.49% on the day to trade at 149.25.

Aug 1, 2024

NZD/USD sticks to gains above mid-0.5900s, over one-week top despite weaker Chinese PMI

The NZD/USD pair reverses an intraday dip that followed the disappointing release of the Chinese PMI and touches a one-and-half-week high during the Asian session on Thursday.

China’s NDRC: Will actively expand domestic demand, putting consumption boost in a more striking position

Vice Head at China's National Development and Reform Commission (NDRC), the country’s state planner, said on Thursday that they “will actively expand domestic demand, putting consumption boost in a more striking position.” Further comments There is 'sufficient' room for counter-cyclical policy adjustments.