FOREX-Yen outperforms as official expresses concerns for weakened currency; rouble vo

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Jun 17, 2007
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The yen rose on Monday, though it remained not far from a more than seven-month low, after an official said Japan was not ruling out any options in responding appropriately to excessive currency moves. The Japanese currency has come under pressure in recent weeks amid the stark contrast between the Bank of Japan's (BOJ) ultra-low rates and central banks elsewhere, which have been heavily hiking their interest rates. The yen rose 0.33% to 143.23 per dollar by 1210 GMT, after Japan's top currency diplomat, Vice Finance Minister for International Affairs Masato Kanda, stepped up warnings against recent yen weakening that was "rapid and one-sided".
 
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