Japan's Finance Minister Shunichi Suzuki has reiterated warnings against excessive fluctuations in the yen's value, currently trading in the 157 yen range against the U.S. dollar. The minister's comments come amid ongoing concerns about the currency's depreciation, which has prompted verbal interventions aimed at stabilizing the yen. Reports indicate that the dollar was trading at around 156 yen in the afternoon session on December 24. The government has expressed readiness to intervene further if necessary to curb excessive selling of the yen, as market liquidity thins. This stance reflects a broader strategy to maintain the yen's value amid rising inflation pressures.
Japan warns speculators that it will take action against excessive swings in the Japanese Yen's price https://t.co/4BQH9EsL7X
NY円、157円近辺 https://t.co/Udy6FsA00l
Japan's finance minister has issued another warning about excessive foreign exchange fluctuations. He says the country is ready to step in and stabilize the yen. U.S. Treasuries...