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Overall, Yen Depreciation Benefits Japan – IMF Official

 Overall, Yen Depreciation Benefits Japan – IMF Official


According to Reuters, an official from the International Monetary Fund (IMF) stated on a Friday morning in Europe that "overall, yen depreciation benefits Japan."

Besides, the IMF official also mentioned that, "By adding, recent yen fluctuations are aligned with medium-term fundamentals, then the Bank of Japan (BOJ) effectively controls the yield curve."

In addition to this, the International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura also noted that Asian economies must be careful of overabundance threats from the decade of off-beat easing monetary policies by the main central banks, which have retreated quicker than predicted.

The Forex Market (FX) Implications

The USD/JPY currency pair retreated from the intraday high following news and fell to 127.80 points amid mixed clues and lethargic markets.

 


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