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Japan’s Finance Minister Katsunobu Kato said he is raising the level of urgency for monitoring currency moves, after the yen hit an almost three-month low against the dollar.
“We are seeing one-sided, rapid moves” in the forex markets, Kato told reporters after attending Group of 20 finance chiefs and central bankers meetings in Washington Wednesday. “We will closely monitor the foreign exchange market with a stronger sense of urgency, including watching for speculative trading.”
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