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JPY Rallies as BoJ, MoF, FSA to Meet in 15 Minutes

JAPAN
  • Reuters reports that Japan's BoJ, MoF and FSA are to meet to discuss international financial markets from 0915GMT onwards, and top currency diplomat Kanda is set to brief press after the three-way meeting.
  • JPY corrects higher on these headlines to put USD/JPY at 151.34 before stabilising - clear speculation that these headlines may mean intervention after USD/JPY hit multi-decade highs overnight. Markets await further details from Kanda here.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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