Yen Extend Gains after G-20 Meeting

The Group of 20 meeting moved market sentiment towards the end of this week’s session, and the yen was one of the best performing currencies climbing to a seven-month high after statements made in the meeting.

Japan’s Finance Minister Hirohisa Fujii stated today, in the G-20 meeting, his opposing position to any kind of intervention in currency markets, adding confidence for traders to purchase yen-priced assets towards the end of this week’s session, as the yen gained versus the totality of 16 main trader currencies in foreign-exchange markets.

USD/JPY traded at 89.73 as of 18:04 GMT from a previous rate of 91.21 yesterday.

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