BOJ's Kuroda: Japan's economy is picking up

tweet at 12:33am: JAPAN TOP FOREX DIPLOMAT KANDA: THERE MAY BE CASES WHERE WE MAY CONDUCT STEALTH INTERVENTION #News #Forex #JAPAN tweet at 12:40am: JAPAN TOP FOREX DIPLOMAT KANDA: HAVEN'T INTERVENED IN MARKET WON'T NECESSARILY COMMENT ON WHETHER WE INTERVENED IN MARKET THERE MAY BE CASES WHERE WE MAY CONDUCT STEALTH INTERVENTION (oh come on.........) https://t.co/BRyNcSqb63Japan's Kanda: We haven't intervened in the market There may be cases where we may conduct stealth intervention. • We cannot tolerate excess volatility, disorderly FX moves. • Always on standby for in case there is a need for action. • Recent FX moves have been rapid. The headline remark is a bit contradictory as he also says that they won't necessarily comment on whether there has been any intervention. I mean c'mon, make up your mind as to which it is. Pfft. Anyway, he also doesn't provide any comment on rate checks for today after having seen USD/JPY quickly turn tail on a push above 145.00 earlier. All in all, the comments here aren't anything we haven't heard of in the past two weeks. USD/JPY is still keeping the faith with buyers holding price at 144.80 levels at the moment, perhaps looking to poke and prod for another push above 145.00 later in the day.

The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.75 percentage points to 0.5%. In doing so, it is countering the renewed rise in ...

Ladies and gentlemen It is my pleasure to welcome you to the news conference of the Swiss National Bank. Our news conferences will now be held after every monetary policy ...