Yen steadies after BoJ remarks
Economies.com
2019-02-19 18:37PM UTC
Yen steadied against dollar today after Bank of Japan Haruhiko Kuroda warned of intervention to stop the march higher for yen, for its negative impact on exports.
Kuroda said the central bank could pump more liquidity to drive the yen lower.
However, he asserted there's no forex manipulation going on, noting the policy aims to prop up growth through zero rates.
As of 18:36 GMT, USD/JPY steadied at 110.5, with a session-high at 110.8, and a low at 110.4.
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