A $5 billion RBI swap deal is set to mature on October 23, causing a dollar shortage in the market because RBI plans to buy these dollars for its reserves rather than extending the dea
Asian currencies were trading weaker amid a stronger dollar after several Federal Reserve officials signaled that US borrowing costs are likely to remain higher for longer.
Japan is closely watching volatility in foreign exchange markets and will respond appropriately to rapid movements, Finance Minister Shunichi Suzuki says, noting the yen has been depreciating significantly.