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

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

TOKYO, April 23 (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the US mentioned coordinated foreign money 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 concept of joint foreign money intervention to arrest yen falls throughout their assembly on Friday, held on the sidelines of the Worldwide Financial Fund gatherings. learn extra

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.

Reporting by Tetsushi Kajimoto; Modifying by David Dolan

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