Japan Warns of Potential FX Intervention as Yen Rises
The Japanese yen experienced a sharp rise as Japan's foreign exchange diplomat, Atsushi Mimura, indicated the country is prepared to intervene in currency markets again. This follows official buying of the yen and heightened market nervousness due to thin liquidity and a looming holiday period. The dollar fell against the yen, reaching a session low of 155.60.
Topics: Currency Intervention Dollar/Yen FX Market Japan Yen