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Yen Tumbles as New FinMin Takes a Dovish Stance

posted by Avatar fx360 870 days ago in USD, JPY, Daily made popular 870 days ago

The new Japanese finance minister Naoto Kan wasted no time in establishing his dovish credentials by stating that he wants the yen to weaken and noting that the government must work with BOJ to bring the value of yen down. He added that many Japanese firms would prefer to see USD/JPY at 95.00 level or better.
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