Japanese Finance Minister Fuji, meeting with Geithner in Tokyo, told reporters he supports the US’s strong dollar policy.
Fujii has been all over the map on currencies in his short-time in office, but mostly coming down on the side of letting the JPY strengthen, if that’s the way the market takes it.
USD/JPY and EUR/JPY are both easing in early US trade as the risk trades retrenches after yesterday’s rally.USD/JPY is at 89.88, EUR/JPY at 134.55.
Key levels at 1.5061 in EUR/USD, 93.25 in AUD/USD and 1.0030 in USD/CHF are all holding so far, prompting some profit-taking.
