Yen continues to gain - MoF intervention earlier not impacting

Author: Eamonn Sheridan | Category: News

Earlier we had verbal intervention from a Ministry official:


Yen is still climbing, USD/JPY under 104.30

Some comments out of Japan are supportive of yen, but I dion't think this is driving the move:
  • Japan ruling party committee to recommend Japan consider having capability of stopping ballistic missile attacks within adversary's territory
'Adversary' in this context is North Korea firing off ballistic missile tests 

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