LDP’s Katayama: Japan lacks effective means to combat yen’s sharp falls
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Japan’s ruling Liberal Democratic Party (LDP) official Satsuki Katayama said on Thursday that the Japanese authorities lack “effective means to combat yen’s sharp falls.”
He said that “conducting solo fx intervention likely won’t be that effective in stemming sharp yen falls.”
USD/jPY is unperturbed by the latest comments from the Japanese official, as it is keeping its range around 143.40, adding 0.16% on the day.
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