IMF now comments on yen exchange rate – makes case for intervention

<p>More again from Krishna Srinivasan, director of the IMF's Asia and Pacific Department:</p><ul><li>
Had good discussions on exchange rates with Japanese authorities,
who were committed to flexible exchange rates which act as a shock
absorber</li><li>Fx intervention
could lower excess volatility and better align exchange rate moves
with fundamentals</li></ul><p>—</p><p>Earlier, wide-ranging, comments:</p><ul><li><a href="https://www.forexlive.com/centralbank/international-monetary-fund-imf-says-it-wants-policy-easing-from-peoples-bank-of-china-20240131/" target="_self">International Monetary Fund (IMF) says it wants policy easing from People's Bank of China</a></li><li><a href="https://www.forexlive.com/centralbank/imf-says-it-expects-japans-inflation-to-exceed-2-target-until-2025-20240131/" target="_self">IMF says it expects Japan's inflation to exceed 2% target until 2025</a></li></ul><p>USD/JPY showing little response, its come back from its trip towards 147.20:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.