Japan's finance ministry launches "verbal intervention"
Japanese Minister of Finance Shun'ichi Suzuki was quoted Friday as saying that the government will take the necessary steps to respond to the yen's excessive depreciation.
Japanese Minister of Finance Shun'ichi Suzuki was quoted Friday as saying that the government will take the necessary steps to respond to the yen's excessive depreciation. This statement prompted a sharp pullback from 8-months highs on the USDJPY. Hints from Japanese officials towards a potential monetary policy reversal is buoying the yen.
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