Japan’s finance ministry formal denies report Japan, U.S. mentioned joint Forex intervention By

© Reuters. FILE Image: Japan Yen and U.S. Greenback notes are found in this June 22, 2017 illustration picture. REUTERS/Thomas White/Illustration/File Image

TOKYO (Reuters) – A senior Japanese finance ministry formal on Saturday denied a media report that Japan and the United States mentioned coordinated forex intervention to stem additional yen falls at a bilateral finance leaders’ assembly.

Broadcaster TBS on Friday stated Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen mentioned the notion of joint forex intervention to arrest yen falls throughout their assembly on Friday, held on the sidelines of the Global Financial Fund gatherings.

The report was not genuine, the formal explained to Reuters on affliction of anonymity since of the sensitivity of the issue.

The greenback traded at 128.fifty five yen, hovering close to its weakest amount because April 2002 at 129.forty three yen for every greenback strike on Wednesday.

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