Wednesday, May 30, 2012

Reuters: US Dollar Report: Japan Azumi: closely watching excessive yen moves -Jiji

Reuters: US Dollar Report
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Japan Azumi: closely watching excessive yen moves -Jiji
May 31st 2012, 00:14

TOKYO | Wed May 30, 2012 8:14pm EDT

TOKYO May 31 (Reuters) - Japanese Finance Minister Jun Azumi said he is closely watching excessive moves in the yen, Jiji news agency reported on Thursday.

The yen on Thursday hit its highest in 3-1/2 months at 78.86 yen per dollar as Europe's sovereign debt crisis and baking sector concerns prompted investors to flock to the safe-haven currency.

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