Japan’s Yamagiwa: Watching yen carefully

Dhwani Mehta FXStreet

When asked about the yen and domestic stock market moves, the Japanese Economy Minister Daishiro Yamagiwa said that they are watching the yen price action carefully.

Additional comments

“Currencies move on various factors.”

“Watching all aspects carefully.”

These comments come as the yen sits near the lowest levels since March 2017 against the US dollar.

At the time of writing, USD/JPY is trading at 115.12, modestly flat on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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