Japanese Finance Minister Kaoru Iosano (Kaoru Yosano), after the yen rose to 9-week peak against the dollar, said that the Government has no plans to influence the currency market, throwing him to the U.S., that he said at last Tokyo press conference on Friday.
"The Japanese government does not consider intervention in the foreign exchange market at the moment" - he said. The Minister added that the experts have not yet been fully analyzed strengthening yen.
Japanese currency traded at a level of 93.99 - 94.19 per dollar at 8.47 am in Tokyo, before the Minister made the statement. Now yen traded at a level of 94.10 - 94.12. Experts expect the statement by the Minister may have an impact on the further decline in the dollar.
"The Japanese government does not consider intervention in the foreign exchange market at the moment" - he said. The Minister added that the experts have not yet been fully analyzed strengthening yen.
Japanese currency traded at a level of 93.99 - 94.19 per dollar at 8.47 am in Tokyo, before the Minister made the statement. Now yen traded at a level of 94.10 - 94.12. Experts expect the statement by the Minister may have an impact on the further decline in the dollar.
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