# Japan's top FX diplomat: Ready to respond to yen moves 'appropriately'

> Japan's top FX diplomat said authorities are ready to respond to yen moves appropriately. Yen weakness has increased import bills and pushed Japan's trade balance into persistent deficit.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36169-japan-s-top-fx-diplomat-ready-to-respond-to-yen-moves-appropriately
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Verbal intervention signals may cap further yen weakness, which affects the yen cost of imported feed ingredients for Japanese buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-top-fx-diplomat-kanda-will-respond-yen-moves-appropriately-2023-05-30/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.