Japan's top currency diplomat: on alert to currency moves
Tokyo, September 4 - Japan's top currency diplomat, Atsushi Mimura, expressed on Friday his continued vigilance regarding exchange-rate fluctuations. Mimura, speaking to reporters, stated that they maintain constant communication with U.S. authorities. The dollar experienced a dip to 155.305 yen following Mimura's statements, as market participants remained alert for potential further yen-buying interventions by Japanese officials.
On Thursday, the yen surged by 2 percent against the dollar, sparking speculation of possible official interventions to support the currency, although no concrete evidence of such actions was found. Mimura's Friday comments came after similar remarks he made on Thursday, where he reiterated his caution towards recent currency market developments. He added that he was not yet satisfied with the recent movements of the yen.
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- Japan remains on high alert over forex moves: top currency diplomat mainichi.jp
- Japan's top currency diplomat: on alert to currency moves channelnewsasia.com
