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Yen at 4-mth high against USD

07-25-2011 17:08 BJT

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With the yen on the rise against the dollar, Japanese Finance Minister Yoshihiko Noda says he is closely monitoring debt ceiling developments in the US and its repercussions on foreign exchange.

Most Japanese officials though see little likelihood of forex intervention. The greenback is currently trading around 78.10 against the yen - its lowest level since March.

Japanese Finance Minister Yoshihiko Noda says he is closely monitoring debt ceiling developments in the US and its repercussions on foreign exchange.

Editor:Li Wanran |Source: CNTV.CN

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