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The Japanese yen briefly weakened beyond 160 per U.S. dollar on Saturday, hitting a monthly low during overseas trading sessions.
Federal Reserve Chair Kevin Warsh said Friday that U.S. inflation remains too high, signaling further interest rate hikes ahead. The remarks revived market focus on a potential widening gap between Japan and the U.S., sending the yen lower.
Japanese yen plunges to 160 against U.S. dollar
China maintains communication with relevant parties regarding a possible meeting among the heads of state of China, Russia and the U.S., a Chinese Foreign Ministry spokeswoman said on Wednesday.
Mao Ning, the spokeswoman, made the remarks at a press briefing in Beijing when responding to a query about whether there are any formal arrangements for a trilateral summit involving the three countries' leaders on the sidelines of the upcoming 33rd APEC Economic Leaders' Meeting.
The APEC meeting will take place in Shenzhen City of south China's Guangdong Province from Nov. 18 to 19.
China maintains communication with Russia, U.S. on possible trilateral summit: spokeswoman
