Japan Finance Minister Kato verbal intervention effort making an attempt to assist the yen
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Japan Finance Minister Kato with some typical verbal intervention efforts:
- Says it is crucial for currencies to maneuver in a secure method reflecting fundamentals
- Lately seeing one-sided, sharp FX strikes
- Involved about latest FX strikes
- Will proceed to coordinate with abroad authorities on foreign exchange insurance policies
- Will take acceptable motion in opposition to extreme strikes
Kato’s feedback on renewed yen weak point.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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