Yen Jumps After Japan's Aso Says No Need for Intervention Now

Japanese 10,000 yen banknotes are arranged for a photograph in Tokyo, Japan, on Wednesday, July 22, 2015. The yen slipped 0.1 percent to 124.03 per dollar after better-than-expected data on U.S. housing and a continuing commodity rout boosted the greenback.Photographer: Kiyoshi Ota/Bloomberg

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By Yoshiaki Nohara

February 15, 2018 at 2:13 AM UTC

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Japanese Finance Minister Taro Aso said the yen’s recent move isn’t abrupt enough to warrant intervention.

“From our perspective, the current situation doesn’t warrant special intervention. The yen isn’t rising or falling abruptly,” Aso said, answering questions from a lawmaker in parliament on Thursday. He didn’t specify what kind of intervention he was talking about, but the remark sent the yen higher.