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Japan's finance ministry official denies report Japan, U.S. discussed joint FX intervention

Published Apr 23, 2022 11:01AM ET
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© Reuters. FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo

TOKYO (Reuters) - A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to stem further yen falls at a bilateral finance leaders' meeting.

Broadcaster TBS on Friday said Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen discussed the idea of joint currency intervention to arrest yen falls during their meeting on Friday, held on the sidelines of the International Monetary Fund gatherings.

The report was not true, the official told Reuters on condition of anonymity because of the sensitivity of the matter.

The dollar traded at 128.55 yen, hovering near its weakest level since April 2002 at 129.43 yen per dollar hit on Wednesday.

Japan's finance ministry official denies report Japan, U.S. discussed joint FX intervention
 

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Comments (3)
Zachary Burgher
Zachary Burgher Apr 23, 2022 7:37PM ET
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Uj to 130👨‍💻
Sol Wein
Sol Wein Apr 23, 2022 1:16PM ET
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Lie lie lie and more lies
Anascvb anascvb
Anascvb anascvb Apr 23, 2022 1:06PM ET
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anascvbnhjvjmcuigcjjjjjuufr
 
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