Japan’s Kihara: Always ready to take necessary action on forex
Tags:Forex
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Japan’s Chief Cabinet Secretary Minoru Kihara reiterated during a regularly scheduled press conference this Tuesday that officials he is always ready to take necessary action on forex. Kihara, however, refrained from commenting on specific forex level.
Market reaction
The Japanese Yen (JPY) moves little in reaction to fresh intervention warning, with the USD/JPY pair surging past the 162.00 mark for the first time since 1986 during the Asian session.
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