Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday, he “won't rule out any steps to respond to excessive FX moves.” Additional quotes Won't comment on forex levels, currency intervention.
The Japanese Yen (JPY) slumped to the weakest level since July 1990 against its American counterpart on Wednesday following the release of hotter-than-expected US consumer inflation figures.
The USD/JPY climbed during the North American session and remains above the 153.00 figure despite Japanese authorities jawboning on excessive Japanese Yen (JPY) movements.