Japan’s authorities could intervene amid currency speculation – Reuters
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According to the latest Reuters report, bets against the Japanese Yen have risen to $8.6 billion equivalent. That was a similar level when Japan’s authorities intervened last year.
“Japan’s authorities may think currency speculation is excessive,” the report said, adding, “the problem for Japan policymakers is their own policy.”
USD/JPY is off the intraday highs of 140.45, trading at 140.24, at the press time. The pair is adding 0.18% on the day.
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