Japan worries FX market volatility after yen plunges to lowest in 24 years

สล็อตแตกง่าย A senior official at Japan’s Finance Ministry said today (Sept. 1) that Japan is closely monitoring currency movements as a state of high urgency. Because heavy volatility in the foreign exchange market is undesirable. After the yen fell to its lowest level in 24 years.

“The currency market has been more volatile lately, with sudden fluctuations in currency exchange rates that are not desirable.”

The official was interviewed by Reuters.

The statement came after the dollar rose to a 24-year high against the yen, hitting 139.69 yen on Wednesday as investors expected the Federal Reserve to accelerate interest rates in the US. continue to proactively This will make the US and Japan interest rate spreads wider.

The weakening yen has become a serious problem for Japanese policymakers. Because it makes the cost of importing fuels and raw materials that are already expensive to be even more expensive. Even the weaker yen will support export income.

The depreciation factor of the yen was mainly due to the difference in interest rates between Japan and the US. This is because the Bank of Japan (BOJ) continues its ultra-accommodative monetary policy. Despite the Fed signaling a big interest rate hike( สล็อตแตกง่าย )