Japanese Economy Minister Minoru Kiyuchi said during the European trading session on Friday that the government will not interfere in the Bank of Japan’s monetary policy decisions.
Additional notes
The government will not comment on this
He hopes that the Bank of Japan will guide monetary policy appropriately to achieve the 2% inflation target stably.
There is hope that the Bank of Japan will work closely in line with the government on the principles set out in the joint agreement.
It is important for the stocks, forex and bond market to move steadily reflecting fundamentals.
The government will monitor market movements with a great sense of urgency.
Market reaction
The USD/JPY pair recovers its early losses during European trading hours, settling around the 155.00 level. However, the recovery movement appears to be driven by a good recovery in the US dollar.
Japanese yen price today
The table below shows how much the Japanese Yen (JPY) has changed against the major currencies listed today. The Japanese yen was the weakest against the Australian dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.05% | -0.09% | 0.02% | -0.09% | -0.34% | -0.19% | -0.10% | |
| euro | 0.05% | -0.04% | 0.05% | -0.04% | -0.29% | -0.14% | -0.05% | |
| GBP | 0.09% | 0.04% | 0.08% | 0.00% | -0.26% | -0.10% | -0.01% | |
| JPY | -0.02% | -0.05% | -0.08% | -0.08% | -0.34% | -0.21% | -0.10% | |
| Canadian | 0.09% | 0.04% | -0.00% | 0.08% | -0.26% | -0.12% | -0.01% | |
| Australian dollar | 0.34% | 0.29% | 0.26% | 0.34% | 0.26% | 0.15% | 0.25% | |
| New Zealand dollar | 0.19% | 0.14% | 0.10% | 0.21% | 0.12% | -0.15% | 0.09% | |
| Swiss franc | 0.10% | 0.05% | 0.00% | 0.10% | 0.00% | -0.25% | -0.09% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent the Japanese Yen (base)/US Dollar (quote).
