A Japanese Finance Ministry official said Monday that will continue to monitor currency developments with a sense of urgency.
The official, however, said that cannot comment on the reasons behind exchange rate movements, such as the impact of the elections in the United States, as well as on the level of them.
These comments from Japanese politicians keep coming in, as turn cautious on recent yen appreciation.
USD / JPY falls to eight-month lows
USD / JPY has hit fresh eight-month lows at 103.18 early in the Asian session, mainly driven by the widespread weakness of the US dollar, as markets value a victory for Biden in the presidential election.
This has caused the yen to reach eight-month highs against the dollar, while the Japanese authorities are on guard.
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Credits: Forex Street
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