MARRAKECH, Morocco, Oct 14 (Reuters) - The yen's recent declines are driven by fundamentals and do not meet any of the considerations that would call
MARRAKECH, Morocco, Oct 14 (Reuters) – The yen’s recent
declines are driven by fundamentals and do not meet any of the
considerations that would call for authorities to intervene in
the currency market, a senior International Monetary Fund
official said on Saturday.
“On the yen, our sense is that the exchange rate is driven
pretty much by fundamentals. As long as interest rate
differentials remain, the yen will continue to face pressure,”
Sanjaya Panth, deputy director of the IMF’s Asia and Pacific
Department, told reporters.
(Reporting by Leika Kihara; Editing by Emelia Sithole-Matarise)
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