Mr Yen says Dol­lar Could Fall Be­low 100 Yen by Year-end

The Economic Times - - Finance & Commodities -

Ja­pan’s for­mer cur­rency czar Eisuke Sakak­ibara said the dol­lar could fall be­low 100 yen by year-end on US Pres­i­dent Don­ald Trump’s per­ceived sup­port for a weak dol­lar, but cau­tioned that any yen-sell­ing in­ter­ven­tion by Tokyo might be coun­ter­pro­duc­tive. Sakak­ibara, who was known as “Mr Yen” in the 1990s when he ac­tively led cur­rency in­ter­ven­tion to stem a strong yen, said Tokyo should avoid in­ter­ven­tion even if yen rises are rapid as do­ing so would not be sup­ported by the US. - Reuters

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