Thursday, March 17, 2016

Closely watching forex market moves: Japan Finance Minister Aso

TOKYO Japanese Finance Minister Taro Aso said on Friday that he would closely watch foreign exchange market moves as the dollar fell to a 17-month low against the yen in response to a dovish statement from the Federal Reserve.

"I won't comment on this kind of subject, but I will pay close attention to market moves," Aso told reporters after a cabinet meeting, when asked about a yen's rise to the dollar and its effects on the Japanese economy.

The dollar had fallen to a low of 110.65 yen JPY=[1], its weakest since October 2014. The greenback was trading at around 111.32 yen on Friday morning.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

References

  1. ^ JPY= (uk.reuters.com)

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