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Free AccessMore Verbal Jawboning From the FinMin
Japan FinMin Suzuki has again delivered verbal jawboning on USD/JPY. The minister has repeated recent rhetoric that the authorities won't rule out any options against excessive moves. He also noted that they have a strong sense of urgency over the weak yen. At the same time the authorities aren't targeting any specific level to defend.
- USD/JPY sits unchanged post the comments. The pair sits slightly higher, last in the 149.40/45 region. Yen has underperformed broader USD weakness today. Higher US yields have aided the USD, while risk appetite has been supported by higher HK equities (boosting AUD and NZD).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.