As yen nears 150/dlr, Japan says watching FX moves with 'strong sense of urgency'

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As yen nears 150/dlr, Japan says watching FX moves with 'strong sense of urgency'
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TOKYO, Oct 2 - Japan's key economic ministers kept investors wary of currency market intervention, warning that authorities were watching with a"strong sense of urgency" as the yen slid closer to the 150 per dollar level on Monday, its weakest in nearly a year.

The finance minister has jurisdiction over currency intervention, but he declined to comment on whether it was a possibility at this point. Japanese officials in a recent few weeks have said they would not rule out any options on intervention, but they have yet to utter the tell-tale phrases they used before unleashing intervention last year.

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