Japan MOF official warns on yen volatility amid virus fears

The dollar rose 2.7% against the yen to 105.10 on Tuesday, considerably higher than Monday's 101.18 low, as investors hoped global monetary policymakers will launch further stimulus plans to ease the ecoomy.

TOKYO: A senior official from Japan's Ministry of Finance said on Wednesday that volatility remained high in the foreign exchange market and rapid yen swings - whether up or down - were undesirable.

The dollar rose 2.7% against the yen to 105.10 on Tuesday, considerably higher than Monday's 101.18 low, as investors hoped global monetary policymakers will launch further stimulus plans to ease the economic impact of the coronavirus outbreak.