JPY crosses/USD/JPY

Japanese banks downplay EconMins comments

One of the bigger Japanese banks is downplaying the weekend comments from Amari-san regarding the Yen depreciation. They say that although there are some negative aspects, the positive aspects remain overwhelming and the government has little incentive at the moment to talk up the Yen.

Looks like its going to stay very quiet and I’m expecting to see rates at the same levels tomorrow morning. See you then++

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