Japan’s Top FX Diplomat Mimura: Recent Yen moves deviate from the fundamentals
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Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Wednesday, “recent Yen moves deviate from the fundamentals.
Additional comments
- There is some speculation in the market about Japan's macroeconomic policies, especially fiscal policy.
- Yen long positions have been shrinking after the summer.
- We all agree that monetary policy itself is in the hands of the Bank of Japan (BoJ).
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