Japan Finance Minister says no 'defence line' set in dealing with currency moves

NS child killer Penny Boudreau and the path to eventual release | SaltWireTOKYO -Japanese Finance Minister Shunichi Suzuki said on Friday Japanese authorities have set no"defence line" in dealing with currencies, while also warning the yen's weakness had progressed"quite a bit".

The weak yen is in the spotlight as it trades near the 150 level, which is viewed by some traders as the trigger point for intervention from Japanese authorities."We don't set the so-called defence line which has been speculated about. We focus on the speed of currency moves," Suzuki told reporters after a cabinet meeting."In that sense, it seems that the yen's weakness has progressed quite a bit."The Japanese currency last traded at 149.34 yen against the U.S.

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