20 May 2002, 10:48  Jawboning Fails To Push Yen Lower

The yen consolidated its recent gains Monday, despite further jawboning from Japanese Ministry of Finance officials. Following the upbeat comments from the Japanese government late Friday, traders say sentiment towards the yen is currently good. The euro also continued to hold recent gains against the dollar, although trade was restricted due to regional holidays Sterling gained against both the euro and the dollar, as the debate over UK euro entry continues in the press.

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