Japan’s top currency diplomat renews volatility warning as yen nears key 160 level
4 Articles
4 Articles
Japan’s top currency diplomat renews volatility warning as yen nears key 160 level
TOKYO, Nov 12 (Reuters) - Japan's top currency diplomat Atsushi Mimura on Thursday renewed his warning against excessive foreign exchange volatility, citing this summer's intervention as the yen again edged towards the key 160-per-dollar level. "I w...
On the morning of the 12th, the yen traded in the upper 159 yen range against the dollar in the Tokyo foreign exchange market. Finance Minister Atsushi Mimura stated that day that the recent rapid depreciation of the yen against the dollar "gives the impression that the movement in the last few days has been too fast," cautioning against the rapid pace of foreign exchange market activity. Market participants speculated about government and Bank …
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