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Japan’s Hayashi: Closely monitoring FX moves with urgency

Japan’s Chief Cabinet Secretary Hayashi said on Thursday, he is “closely monitoring FX moves with urgency.”

Additional comments

Important for currencies to move in stable manner, movement reflecting fundamentals.

Closely watching the impact on Japanese and global economy after the Federal Reserve decision.

Japanese Yen rebounds swiftly after the post-BoJ slump to YTD low on Wednesday

The Japanese Yen (JPY) gains strong positive traction during the Asian session on Thursday and recovers further from its lowest level since November 2023 touched the previous day.
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PBOC Deputy Governor: There still room for cutting RRR

People's Bank of China (PBOC) Deputy Governor said on Thursday that “there still room for cutting Reserve Requiremnt Ratio (RRR).
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