Forex

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


© 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 the USA mentioned coordinated forex intervention to stem additional yen falls at a bilateral finance leaders’ assembly.

Broadcaster TBS on Friday stated Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen mentioned the thought of joint forex 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 informed Reuters on situation of anonymity due to the sensitivity of the matter.

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

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