Japan aiming to control FX moves

Thursday, 16/06/2016 | 08:27 GMT-0

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Japan to take forex measures

Japan's top government stated today that its nation will proceed with taking all the necessary measures in an attempt to control the resumption of speculative moves.

Japan's Suga focuses on FX stability

Yoshihide Suga, Chief Cabinet Secretary, said that the recent speculative and rapid movements in the markets are undesirable, and stability is important at this stage.

Russia's GDP shrinks

Alexei Ulyukayev, Russia's Economy Minister, highlighted that the nation's gross domestic product (GDP) is predicted to have shrunk around, or even less than 1.0%, on a yearly basis, for the months of January through May.

Moreover, Mr. Alexei Ulyukayev said that a probable Brexit would have a bigger impact on the financial markets than the FED's decisions on interest rates.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/japan-aiming-to-control-fx-moves

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