Japanese officials monitor currency market stability, express concerns over speculative trading in USD/JPY, and avoid discussing intervention at G20 meetings.

Japan's Deputy Chief Cabinet Secretary, Kazuhiko Aoki, and Finance Minister, Katsunobu Kato, are closely monitoring foreign exchange market movements, emphasizing the need for stability and alignment with economic fundamentals. Aoki highlighted concerns over speculative trading as the USD/JPY pair experiences a slight decline. Kato noted there have been no discussions about currency intervention at recent G20 meetings, maintaining a cautious approach to FX fluctuations.

October 24, 2024
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