Japan’s Finance Minister Taro Aso released a new warning against the yen’s renewed vitality, saying they would respond if the increase becomes rapid and speculative moves prevailed in the currency market.
The currency glided close to its six-week peak of ¥105.735 to the US dollar on anxieties the United Kingdom may decide to leave the European Union when it holds a referendum on June 23.
Aso said they would closely monitor EU referendum, which will decide on the country’s fate within the region. He added the priority is to ensure the yen’s steadiness.
The minister refused to shed light on currency levels but mentioned forex market moves had become swift and speculative at one point.
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