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Yen jumps after Abe speaks against 'arbitrary intervention'

It hits 18-month high even as Cabinet official says Tokyo will track forex market and do the needful

37611268 - 01_03_2016 - JAPAN-ECONOMY.jpg
Foreign-exchange markets were thrown into confusion and some alarm on Wednesday, as the yen jumped to an 18-month high against the dollar.

Tokyo

FOREIGN-exchange markets were thrown into confusion and some alarm on Wednesday, as the yen jumped to an 18-month high against the dollar. This came after remarks by Prime Minister Shinzo Abe, who said countries ought to avoid "arbitrary intervention" and "competitive devaluation"

sentifi.com

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