Japanese yen on a slide: Groundwork prepared for appropriate action

The fresh warnings against excessive currency moves came after the dollar rose to 154.85 yen TOKYO – Japan ese Finance Minister Shunichi Suzuki said on Tuesday that last week's trilateral meeting with his US and South Korean counterparts has laid the groundwork for Tokyo to take appropriate action to deal with excessive yen moves.

The fresh warnings against excessive currency moves came after the dollar rose to 154.85 yen, its strongest levels against the Japanese currency since 1990, keeping markets on heightened alert for any signs of intervention from Tokyo to prop up the yen. "We are watching market moves with a high sense of urgency," Suzuki told reporters, adding that Tokyo authorities were ready to take action "without ruling out any options" against excessive currency moves.

Japan Dollar Shunichi Suzuki Import Costs Yen Japanese Currency Foreign Exchange Markets Inflation US Interest Rates Federal Reserve Bank Of Japan Cost Of Living

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