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Japan won’t rule out any options as US dollar approaches to 150 yen

From brecorder.com

Japanese Finance Minister Shunichi Suzuki said on Friday that rapid currency moves were undesirable and that authorities wouldn’t rule out any options against excessive swings, in a fresh warning to investors trying to sell the yen. The dollar touched a 10-month high near 148 yen this week on expectations the Federal Reserve may keep interest rates elevated to combat stubbornly high inflation, a sharp contrast to the Bank of Japan (BOJ), which is in no mood to exit its easing policy. “It’s important for currencies to move stably reflecting fundamentals. Excessive moves are undesirable,” Suzuki told reporters after a ... (full story)

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  • Category: Fundamental Analysis