Flash: Bernake said a strong Japan is good for the US - BTMU

FXstreet.com (London) - Lee Hardman, Currency Analyst Global Markets Division for EMEA at BTMU, highlighted Bernanke speaking about yen weakness while a stronger Japanese Economy is of interest to the US.

Key Quotes:

"Fed Chairman Bernanke also spoke about recent yen weakness in the Q&A session stressing that the currency policy of Japan and China differs with Japan not trying to manipulate its exchange rate".

"In Fed Chairman Bernanke’s view it is in the US’s interest to see Japan’s economy strengthen with the decline in the yen unlikely to offset the improving competitiveness of US manufacturing".