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Japan's Hamada said they would have to intervene if USDJPY fell to 90-95
Adviser to PM Abe out on Reuters 10 May 2016 Obviously not in a hurry to step in any time soon. I wonder if he cleared that remark with Aso first? •Japan can warn markets that it has the right to stem volatile fx moves •BOJ's mon pol working fairly well •raising sales tax next would entail many risks •BOJ can wait before deciding any fresh easing •need to gauge impact of negative interest rate policy USDJPY still 109.20 and pausing for breath but showing no signs of running out of air just yet.
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