News Headline Summary

Japanese FX chief Nakao says watching JPY to take appropriate action

Says:
- JPY moves are correction phase from one-sided gains.
- BoJ are not trying to competitively devalue JPY.
- He is in close contact with G20.

Reaction details (11:45)

- No reaction is seen in USD/JPY following these comments; trades 88.36 last (-31 pips).

23 Jan 2013 - 11:43 - Forex - Source: Newswires

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