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Japan’s Matsuno: Monitoring impact of weak yen on the economy with sense of urgency
Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, the government is “monitoring impact of weak yen on the Japanese economy closely with a sense of urgency.”
Matsuno added: “Best that forex market maintains stability while reflecting fundamentals.”
Market reaction
The verbal intervention from Japanese officials is doing little to stem the relentless fall in the Japanese yen, as USD/JPY leaps towards 124.00.
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