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JPMorgan sees yen climbing as US scrutiny impedes intervention

Currency's recent gains are "extremely concerning" and US report won't limit how Tokyo can respond: Japan's Finance Minister Taro Aso

Published Mon, May 2, 2016 · 09:50 PM
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Tokyo

JAPANESE officials concerned at the yen's surge to an 18-month high now face the headache of being on a US watch-list for currency practices. JPMorgan Chase & Co says the potential for US opposition to exchange-rate intervention will probably help strengthen the yen more.

The dollar-yen market is orderly and it's important for countries to keep their Group-of-Seven and Group-of-20 currency commitments, the US Treasury said on Friday.

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