News Headline Summary

Japanese Finance Minister Aso says no plan to buy foreign bonds

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

Reaction details:

- 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.

Print 05:20, 20 Feb 2013 - Asian News - Source: Newswires