July 12, 2024 00:10 GMT
MNI BRIEF: Japan MOF Official Not Commenting On FX Action
(MNI) Tokyo
(MNI) TOKYO
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Japan’s Vice Finance Minister for International Affairs at the Ministry of Finance did not comment on whether Japanese authorities were conducting yen-buying intervention or not, a local news outlet reported on Friday.
The dollar fell on Thursday after U.S. consumer prices for June unexpectedly fell, while the yen rose to JPY157.
Japanese television Asahi reported that officials had intervened, citing government sources.
The dollar was trading at around JPY159.38 as of 0840 JST (2340 GMT).
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