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Japan's top currency diplomat Masato Kanda said on Wednesday that authorities will not rule out any option to curb speculative currency moves. The warning was aimed at a sell-off in the yen.
No specific intervention was announced.
Verbal intervention warnings can limit yen weakness in the short term, which moderately affects the cost of dollar-priced feed imports for Japanese buyers.
reuters.comTetsushi KajimotoSep 6, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
