Business / Finance

Japan won't rule out options if FX speculation persists: Kanda

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2023-09-05 23:18:08  • 2 mins

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TOKYO : Japan's top currency diplomat Masato Kanda said on Wednesday that Japanese authorities won't rule out any options on currencies if speculative moves persist, a comment apparently warning against a sell-off in the yen.

It was the strongest warning since mid-August, when the Japanese currency slid past the key threshold of 145 per dollar. Since then, the authorities have stopped firing warning shorts, keeping traders guessing on Japan's intervention strategy.

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