Japan’s Mimura Says Government in Close Contact with U.S. on Forex
Japanese official Mimura confirmed ongoing communication with U.S. counterparts on foreign exchange matters, declining to comment on rumors of rate checks.
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Terms & Concepts
Forex: The global marketplace for exchanging national currencies, such as the Japanese yen against the U.S. dollar.
Rate Checks: An action by authorities to query commercial banks about currency exchange rates, often seen as a precursor to potential market intervention.