Japan finmin: currency moves becoming one-sided
Published: 27 Sep 2009 21:13:12 PSTTOKYO, Sept 28 - Japanese Finance Minister Hirohisa Fujii said on Monday that currency moves were becoming one-sided in favour of a rising yen, but he said that he did not think currency trends had changed.
"As (Prime Minister Yukio) Hatoyama said at the (G20) summit, stable currency moves are desirable," Fujii added, speaking to reporters at the Ministry of Finance.
The U.S. dollar fell to an eight-month low of 88.23 yen on Monday as investors unwound short yen positions and as expectations faded that Japan would intervene at these levels.
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