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Japan’s Top FX Diplomat Kanda: No change in stance that we are ready to take necessary action 24-7
Japan’s top currency diplomat Masato Kanda said on Monday that they “Will continue to take appropriate action against excessive, disorderly market moves.”
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Won't comment on whether we intervened in fx market.
Will continue to take appropriate action against excessive, disorderly market moves.
Demerits far outweigh advantages for excessive yen weakness.
USD/JPY renews upside momentum
The news failed to tame USD/JPY prices as the yen pair takes the bids to reverse Friday’s pullback from the 32-year high, grinding higher around 149.20 by the press time.
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