Japan Warns of Forex Volatility Linked to Oil Trade
Atsushi Mimura says Japan is ready to act against volatility as the yen nears 160 per dollar. Speculative oil trade is likely impacting the currency market.
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Japan is prepared to take all necessary measures to address volatility in the foreign exchange market, according to the country's top currency diplomat, Atsushi Mimura. Mimura cautioned on Monday that speculative activity in energy markets, specifically within the Colgate-Palmolive Company futures market, may be spilling over into currency valuations.
