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Stock impact report

Japan's Katayama Says FX Moves Not In Line With Fundamentals [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
“There has been significant volatility across financial markets overall,” Finance Minister Satsuki Katayama told reporters Tuesday. She suggested that currency moves have not been aligned with fundamentals for a while, adding that the deviation appears particularly significant at present. Most Read from Bloomberg Two LPG Ships Sail Through Hormuz to Shortage-Hit India Second Dynacom Oil Tanker Passes Hormuz as Other Owners Hold Back US, Iran Keep Up Strikes as Trump Mulls Possibility of Deal Pakistan Oil Tanker Transits Hormuz After Hugging Iran Coast Trump Floats Xi Summit Delay If China Doesn't Help in Hormuz Photographer: Krisztian Bocsi/Bloomberg “Considering the impact exchange rates have on people's daily lives, we are fully prepared to respond at any time,” Katayama said, referring to her remarks Monday in which she noted that officials were ready to take “bold action” if needed. The phrase refers to currency intervention in Japanese policymaker parlance. Kat Show less Read more
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