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More Verbal Jawboning From the FinMin

JPY

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).

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