HomeForex UpdatesJapan's finance ministry official denies report Japan, U.S. mentioned joint FX intervention...

Japan’s finance ministry official denies report Japan, U.S. mentioned joint FX intervention By Reuters


FILE PHOTO: Japan Yen and U.S. Greenback notes are seen on this June 22, 2017 illustration photograph. REUTERS/Thomas White/Illustration/File Picture

TOKYO (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and america mentioned coordinated foreign money intervention to stem additional yen falls at a bilateral finance leaders’ assembly.

Broadcaster TBS on Friday mentioned Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen mentioned the thought of joint foreign money intervention to arrest yen falls throughout their assembly on Friday, held on the sidelines of the Worldwide Financial Fund gatherings.

The report was not true, the official instructed Reuters on situation of anonymity due to the sensitivity of the matter.

The greenback traded at 128.55 yen, hovering close to its weakest degree since April 2002 at 129.43 yen per greenback hit on Wednesday.

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