Japan top currency diplomat Kanda says closely watching forex market moves

Japan top currency diplomat Kanda says closely watching forex market moves

TOKYO : Japan’s top currency diplomat Masato Kanda said on Friday that he was closely watching forex market moves with a high sense of urgency and that if needed, authorities remained ready to take action.

Kanda was speaking after the dollar fell sharply overnight as U.S. consumer prices rose less than expected in October. The Japanese yen at one point climbed to its biggest single-day rise since 2008, hitting 140.9350 to the dollar.

On Friday morning in Tokyo, the dollar was fetching around 141.57 yen.

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