Japan's Top FX Diplomat Mimura will not comment on intervention speculation, reiterates being in close contact and shares understanding with the US
Mimura's reluctance to comment on intervention suggests a cautious stance from Japanese authorities, which might reflect broader market uncertainty.
Japanese S&P Global Manufacturing PMI Final (Apr) 55.1 vs. Exp. 54.9 (Prev. 51.6)
Huawei chip sales is set to jump by at least 60% as Chinese companies seek alternatives to Nvidia (NVDA), FT reports; Huawei expects AI chip sales to hit USD 12bln in 2026
Japan's Top FX Diplomat Mimura will not comment on intervention speculation, reiterates being in close contact and shares understanding with the US
[MARKET UPDATE] ASX 200 +1.0%, Nikkei 225 +0.2%; US equity futures hold onto earlier gain, albeit modestly; DXY flat, USD/JPY returning above 157.00 following cooler-than-expected Tokyo CPI
Irish AIB Manufacturing PMI (Apr) 54.9 (Prev. 53.7)
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- Still seeing speculative moves.
His emphasis on close communication with the US indicates ongoing efforts to manage currency stability, especially in the wake of speculative trading. Traders should watch for potential volatility in the yen as this situation develops, particularly if speculative moves continue to escalate.
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