Japan Warns on Excessive FX Moves as Yen Responds to Trump Win [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
Most Read from Bloomberg Paris Restricts Through Traffic in City Center Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow “We're seeing one-sided, sudden moves in the currency market,” Atsushi Mimura told reporters Thursday, after the yen weakened toward 155 against the dollar. Following Mimura's remarks, the yen temporarily strengthened a tad to 154.23 to the dollar, but has weakened again since then. “We'll monitor markets with a very high sense of urgency, including for any speculative moves,” he said. The greenback has surged against a range of currencies around the world, but the yen's weakness brings it closer toward levels where authorities last stepped into the market to strengthen the currency. There will likely be verbal intervention from officials “at every key level on the way up,” said Christopher Wong, a currency strategist at Oversea-Chinese Banking
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