September 17, 2009 / 7:46 AM / 8 years ago

Yen jumps broadly on FX comments from BOJ's Shirakawa

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LONDON, Sept 17 (Reuters) - The yen jumped broadly on Thursday, boosted after Bank of Japan Governor Masaaki Shirakawa said a rise in the Japanese currency may support the nation's economy in the long run.

Shirakawa also said a rise in the yen would lower prices in the near term. While avoiding comment on currency intervention, he said forex rates should be set by the market in a stable manner [ID:nTKG006496].

The yen rose to the day's high against the dollar JPY=, pushing the U.S. currency down more than 0.2 percent on the day to around 90.60 yen. The pair traded around 90.90 yen before the comments.

The Japanese currency also jumped versus the euro EURJPY=R, which trimmed earlier gains and slid to the day's trough of 133.54 yen according to Reuters data, down slightly on the day.

Reporting by London Forex Team

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