boj minutes, 2004-02-26
In the foreign exchange market, the yen depreciated to the 108-110 yen range against the U.S. dollar due to buybacks of the dollar by market participants to adjust their positions amid both selling pressure on the dollar, partly reflecting weaker-than-expected U.S. economic indicators, and market participants' concern about possible intervention by the Japanese authority.
Sentiment: neutral
Topic: mp_exchange_rate