Japan prime minister Takaichi fires another verbal warning as USD/JPY flirts with the 160 level

Knock, knock. Who's there? Japan's intervention warning, of course. With USD/JPY flirting with the 160.00 level again this week, Tokyo is making sure that traders know that someone is watching. Japan's prime minister Takaich is the latest to chime in with some comments, saying that: Does not want to comment on exchange rate levels In close contact with US financial authorities on the exchange rate Will work to maintain an orderly FX market Exchange rates are determined by various factors Economic and fiscal policies are not aimed at manipulating exchange rates Will manage economic and fiscal p
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