The yen consolidated in Japan's Central Bank meeting and intervention concerns

FXStreet's Oct 30th news from Jinshi Data: The yen is consolidating against other G10 and Asian currencies in early trading as market participants take a cautious stance ahead of the start of a two-day meeting by the Central Bank of Japan. Lingering concerns about potential verbal intervention by Japanese authorities may curb further yen depreciation. National Australia Bank's senior economist Taylor Nugent said in a comment that the recent weakness of the yen prompted Japanese Finance Minister Taro Aso to state that the government will follow the developments in the forex market with a "high sense of urgency".

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