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Japan’s Top FX Official Declines to Say If Intervened on Yen (JPY USD)

Japan’s top currency official declined to confirm whether Tokyo stepped into markets Tuesday amid speculation of intervention after sharp moves in the yen against the dollar.

“I refrain from commenting on whether there has been foreign exchange intervention,” said Masato Kanda, vice finance minister for international affairs. “We will continue with the existing stance on our response to excessive currency moves.”

www.bloomberg.com

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