Japan Diplomat on Alert as Yen Moves
Japan top currency diplomat Atsushi Mimura said authorities remain on alert regarding exchange rate movements. The dollar fell to 155.305 yen following his remarks as markets watched for potential intervention.
Insights:
Japan's top currency diplomat said Friday morning he remained on alert to exchange-rate moves. The remarks follow a 2% jump in the yen against the United States dollar. Investors are weighing the risk of potential official intervention to support the currency.
