When commenting on the yen’s decline, Yoshihiko Isozaki, the Japanese Deputy Chief Cabinet Secretary, said on Wednesday, the exchange rate stability is important and, therefore, they will monitor currency movements carefully.
“Govt watching currency moves carefully.”
“Exchange rate stability is 'extremely important.
“Weak yen, rising energy costs, risk cooling consumption.”
USD/JPY was last seen trading at 114.50, up 0.14% on the day.