Japan's top currency diplomatMasato Kandasaid on Monday that it “will take appropriate action when needed in the forex market.“ Key quotes Interest rate is merely one factor in forex.
Yen still perceived as safe asset along with Swiss Franc, US Dollar. Cannot foresee impact from crisis in middle east on Japanese economy. Market reaction USD/JPY is keeping its range play intact at around 149.50 on the above comments. The pair is modestly flat on the day.
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