TOKYO: Japan’s top government spokesperson warned again on Fri (Sep 2) that this authorities were viewing currency moves using a high sense associated with urgency, as the yen slid to a fresh 24-year low against the dollar.
“It’s important for currencies to move stably highlighting fundamentals. Sharp volatility is undesirable”, Key Cabinet Secretary Hirokazu Matsuno told the news conference.
“Currency market volatility is heightening recently, so the government can closely watch exchange-rate moves with a higher sense of urgency”, he said, duplicating comments he produced on Thursday.
The dollar hit a new 24-year high of 140. 23 yen in overnight trading on Thursday, breaking above the psychologically-important 140 threshold on prospects of intense US interest rate hikes. The dollar stood at 140. 02 yen in early Asia trade on Friday.