News Headline Summary

Japanese Finance Minister Aso says no plan to buy foreign bonds

- Talk of currency wars is going too far.
- Weaker JPY is the result of trying to tackle deflation.
- JPY weakened without intervention.

Reaction details (05:24)

- No immediate reaction seen in USD/JPY, trades 93.40 (-15 pips) last.
- 5 Minutes following these comments, USD/JPY has moved lower by 25 pips from 93.43 to 93.18, trades 93.26 (-30 pips) last.

20 Feb 2013 - 05:16 - Forex - Source: Newswires

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