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USD/JPY Reverses Off Y131.00 as MoF Talk Up Currency

JPY
  • USD/JPY reverses off its approach on Y131.00 as a Ministry of Finance officials talks up concern over recent FX moves, stating that they will respond appropriately on FX if needed, adding that recent FX moves "warrant extreme concern".
  • USD/JPY backtracks on the comment, dropping around 60 pips to trade at Y130.40 at pixel time.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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