Lates News

Sony Financial Group analyst Juntaro Morimoto stated that due to multiple markets being closed on Good Friday, trading will be thin and the USD/JPY exchange rate may touch the 160 level. Morimoto warned, "If the US non-farm payroll data deviates from market consensus expectations, participants should be wary of the possibility of sharp price fluctuations in a low liquidity environment." On Friday morning, Japanese Finance Minister Koizumi reasserted her readiness to intervene in the foreign exchange market to support the yen. She emphasized that forex fluctuations could have an impact on daily life and the economy, stating, "We have repeatedly stated that we are prepared to take decisive action and have promised to protect what needs to be protected."