Bank of Japan Governor Haruhiko Kuroda, however, reiterated the central bank's resolve to keep interest rates ultra-low, indicating that the yen's broad downtrend could continue.
The finance minister repeated his warning that authorities are closely watching market moves and will not tolerate "excessive currency moves driven by speculative trading". Since the Oct. 21 intervention, the yen has been moving in a range below the psychologically important threshold of 150 yen versus the dollar. On Tuesday, the Japanese currency was changing hands at 148.70 per dollar, little changed from the previous session.
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