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Japan finance minister: Speculative moves seen behind rapid yen weakening

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TOKYO :Japanese Finance Minister Shunichi Suzuki warned on Friday against 'speculative moves' seen behind a rapid yen weakening, using the strongest wording to the day as the yen weakened to fresh 24-year lows beyond 139 yen to the dollar.'I'm concerned about recent sharp yen weakening,' Suzuki told reporters

TOKYO :Japanese Finance Minister Shunichi Suzuki warned on Friday against"speculative moves" seen behind a rapid yen weakening, using the strongest wording to the day as the yen weakened to fresh 24-year lows beyond 139 yen to the dollar.

"We will take appropriate response if necessary while striving to closely communicating with currency authorities from other countries," Suzuki said, signaling his readiness to intervene to stem the yen weakness.

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Japan finance minister: Speculative moves are seen behind yen weakening in FX marketTOKYO : Japanese Finance Minister Shunichi Suzuki warned on Friday against 'speculative moves' seen behind a rapid yen weakening, using the strongest wording to the day as the yen weakened to fresh 24-year lows beyond 139 yen to the dollar.'I'm concerned about recent sharp yen weakening,' Suzuki told repo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »