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TOKYO -- The yen strengthened to the 150 range versus the dollar in Tokyo by midday on Friday, the Japanese currency's strongest point in about two weeks, as a "risk-off" mood carried over to Asian markets amid investor jitters about rising geopolitical tensions in the Middle East, an earthquake in Taiwan and elevated inflation in the U.S.
Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines.
TOKYO -- A main factor in the yen's continued decline against the dollar and other currencies is a growing reluctance among Japanese businesses to repatriate overseas profits.
Japanese Finance Minister Shunichi Suzuki said on Friday there were "speculative" moves behind recent yen declines, suggesting authorities remained on stand-by to intervene in the market to address any excessive falls in the currency.
Japan is "very, very close" to intervening in the yen, Steven Englander, head of Global G10 FX research and North America macro strategy at Standard Chartered Bank, told CNBC as the currency languishes at multi-decade lows.
The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency.
TOKYO/BOAO, China -- As the Japanese currency depreciated to its lowest point in 34 years against the dollar on Wednesday, one less conspicuous factor contributing to yen-selling pressure involves the People's Bank of China's daily central parity rates.
This is CNBC's live blog covering Asia-Pacific markets.