Yen's Rise: Is Japan's FinMin Right to be Worried?

The yen erased most of its earlier declines as traders doubted Japan’s ability to rein in the currency’s rally to a 22-month high. The currency had weakened as much as 0.5 percent Friday after Finance Minister Taro Aso escalated his concern about the surge in the yen, calling for coordination with his counterparts to address what he described as disorderly moves in foreign-exchange markets. BMO Head of European FX Strategy Stephen Gallo discusses with Bloomberg's Francine Lacqua on "The Pulse."

Full Show: Bloomberg Daybreak: Americas (09/21)
54:57 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Joachim Fels, global economic advisor at Pimco, Steve Liberatore, managing director at TIAA Investments, and Jim Caron, senior fixed income portfolio manager at Morgan Stanley Investment Management. (Source: Bloomberg)
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