Japan FinMin Aso: Y107 to dollar does not prompt Tokyo to take action
By FXStreet Japanese finance minister Taro Aso was out on the wires via Reuters, commenting on the US treasury report and country’s exchange rate level.
Key Quotes:
Y107 to dollar does not prompt Tokyo to take action
Intervention policy not hampered by treasury report
Don’t think US believes Japan’s currency policy is inappropriate
Forex rates don’t affect supplementary budget scale
BOJ negative rate policy not hurting general public
Don’t think US believes Japan’s currency policy is inappropriate
Sudden yen strength, weakness bad; have means to intervene
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Source:: FX Street
