Japan finance minister says markets should set FX rates after yen weakens

Japan finance minister says markets should set FX rates after yen weakens

From channelnewsasia.com

Japanese Finance Minister Shunichi Suzuki said on Friday after the yen fell to a six-month low against the dollar that currency rates should be set by markets based on economic fundamentals. "Currency rates should be determined by markets based on fundamentals," Suzuki told a news conference after a regular cabinet meeting. "We will continue to watch market moves closely." The Japanese currency earlier weakened beyond 140 yen to the dollar, its lowest since late November. Suzuki's remarks were softer than warnings Japanese authorities typically issue when they see yen moves as excessive, suggesting Tokyo is ... (full story)

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