Japan “on standby” to deal with sharp yen moves: Official ...Middle East

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Japan “on standby” to deal with sharp yen moves: Official
source : Daily Sun ( Middle East ) () 18
TOKYO: The Japanese authorities are “on standby” to respond to recent sharp moves in the yen, the country’s top currency official said Wednesday, reported Xinhua.Japan’s Vice Finance Minister for International Affairs Masato Kanda commented as the Japanese currency dropped to a one-year low against the US dollar, expressing concern over “one-sided, sharp” yen movements.The yen briefly weakened to the upper 151 range in New York on Tuesday, a level not seen since October 2022, after the Bank of Japan loosened its grip on long-term government bond yields but maintained monetary easing.Investors took the view that the central bank’s decision to tweak its monetary policy was not a major revision

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