Japan finance minister Suzuki
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Need to maintain market faith in Japan’s fiscal policy amid shift to
interest rates in positive territory - Drop in japan
foreign reserves as of end-May partially reflect fx intervention - Will take action
against excessive forex moves - Forex intervention
was conducted to address excessive moves - Forex intervention
should be done in restrained manner - Not taking into account limit to reserves for FX intervention
- Intervention should be done while taking into account necessity and effectiveness
USD/JPY is popping a little:
This article was written by Eamonn Sheridan at www.forexlive.com.
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