The post Japan’s Takaichi says will take appropriate actions on FX if necessary appeared on BitcoinEthereumNews.com. Japanese Prime Minister Sanae Takaichi said on Tuesday that she will make appropriate economic and fiscal decisions at appropriate timing. Takaichi further stated that she will take into account interest rates, foreign exchange and prices. Key quotes Will make appropriate economic, fiscal decisions at appropriate timing while taking into account interest rates, FX and prices. Watching market moves closely. Important for currencies to move in stable manner reflecting fundamentals. Difficult to single out impact of fiscal policy on interest rates, FX as they are determined by various factors. Won’t comment on talks with Ueda. BoJ needs to communicate with the government, but specifics of monetary policy should be left with BoJ. Expects BoJ to carry out appropriate monetary policies to achieve its price target. Government bears ultimate responsibility for macroeconomic policy. Market reaction The USD/JPY pair is losing 0.01% on the day to trade at 155.95 at the press time. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support… The post Japan’s Takaichi says will take appropriate actions on FX if necessary appeared on BitcoinEthereumNews.com. Japanese Prime Minister Sanae Takaichi said on Tuesday that she will make appropriate economic and fiscal decisions at appropriate timing. Takaichi further stated that she will take into account interest rates, foreign exchange and prices. Key quotes Will make appropriate economic, fiscal decisions at appropriate timing while taking into account interest rates, FX and prices. Watching market moves closely. Important for currencies to move in stable manner reflecting fundamentals. Difficult to single out impact of fiscal policy on interest rates, FX as they are determined by various factors. Won’t comment on talks with Ueda. BoJ needs to communicate with the government, but specifics of monetary policy should be left with BoJ. Expects BoJ to carry out appropriate monetary policies to achieve its price target. Government bears ultimate responsibility for macroeconomic policy. Market reaction The USD/JPY pair is losing 0.01% on the day to trade at 155.95 at the press time. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support…