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Japan Finance Minister says it's difficult to comment on chance of FX intervention
Japanese Finance Minister Shunichi Suzuki said on Friday that it's difficult to comment on the possibility of currency intervention, when asked about the chance of such action by authorities to stem the yen's weakness. Suzuki made the comment as the yen steadied against the dollar as it drew some support from expectations of further rate hikes from the Bank of Japan later this year and some jaw-boning efforts from Japanese government officials.The dollar was last 0.28 per cent higher against the yen at 151.655, after the Japanese currency had rallied in Asian trading and reversed some of its heavy losses in the wake ... (full story)
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