Masato Kanda, vice-minister of finance for international affairs at Japan's Ministry of Finance, during a press conference after the Group of 20 finance ministers and central bank governors meeting.Japan's top currency diplomat on Monday warned against speculators trying to sell off the yen, saying its weakness did not reflect fundamentals, in the latest warning about the currency's "big slide" against the dollar.
"Kanda dialed up his warnings today against those who try to sell off the yen. However, intervention may not be conducted even if the dollar hit 155 yen," said Masafumi Yamamoto, chief FX strategist at Mizuho Securities.
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