Japan’s Suzuki: Weak yen has both merits and demerits Japan USDJPY Currencies
Japanese Finance Minister Shunichi Suzuki is on the wires now, via Reuters, reiterating his take on the recent depreciation of the yen.Sharp currency moves are undesirable.If sharp yen moves persist, we will take necessary action without ruling out any options.We will compile economic measures as needed.Despite the verbal intervention, the Japanese yen is keeping its pullback intact from session highs of 142.85 against the US dollar.
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