IMF cites Japanese yen's volatility, says monitoring situation
WASHINGTON, Sept 23 (Reuters) - Asked about the Bank of Japan's intervention to boost the yen, the International Monetary Fund noted the currency's recent volatility and said it was monitoring the situation carefully.
"The yen has been very volatile in recent weeks, given monetary policy tightening in the U.S. and other countries. We are monitoring the situation carefully," Ranil Salgado, the fund's mission chief for Japan said in a written statement.
Reporting by Andrea Shalal Editing by Raissa Kasolowsky
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.