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Japan Finance Minister says he is watching yen moves with 'sense of urgency'
Japanese finance minister Shunichi Suzuki maintained a warning to investors against selling the yen on Thursday, saying authorities were closely watching moves after the currency fell beyond 150 yen against the dollar. "I'm watching market moves with a sense of urgency, as before," Suzuki told reporters at his ministry, when asked about renewed weakness in the yen. The dollar rose to 150.32 yen, its highest since October last year when Japan last intervened in the market to support the local currency. The greenback last traded at 150.08 yen. The 150 yen line is perceived by investors as a danger zone that may ... (full story)
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