USD/JPY Remains Quiet After Monday’s Volatile Reaction.


After Monday’s volatile action, USD/JPY stayed relatively quiet during the Asian trading hours on Tuesday.

Citing Bank of Japan (BOJ) Governor Haruhiko Kuroda, a Japanese government official, said that the recent “sharp, one-sided yen weakness” was not good for the economy.

In the meantime, Japanese Finance Minister Shunichi Suzuki reiterated that he saw no contradiction between the government’s yen-buying currency intervention and the central bank’s ultra-loose monetary policy. As of writing, USD/JPY was flat on the day at 149.00.

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