Yen jumps after Japan's finance minister says no need for intervention

Tokyo

JAPANESE Finance Minister Taro Aso said the yen's recent move isn't abrupt enough to warrant intervention.

"From our perspective, the current situation doesn't warrant special intervention. The yen isn't rising or falling abruptly," Mr Aso said, answering questions from a lawmaker in parliament on Thursday. He didn't specify what kind of intervention he was talking about, but the remark sent the yen higher.