Has never felt a limit to ammunition for currency intervention

Japan’s top currency diplomat Masato Kanda said on Friday that he “has never felt a limit to ammunition for currency intervention.”

Kanda added, “making various steps so as not to face a limit to ammunition when it comes to FX intervention.”

Market reaction

USD/JPY is extending its retreat from above 145.00 on Japanese verbal intervention. The pair is trading -0.21% on the day at 144.81, as of writing.