The Bank of Japan was reported to be monitoring exchange-rate levels, bringing the yen's decline to a temporary halt. Market activity increasingly reflects awareness of the possibility of renewed intervention by Japanese authorities.
The Bank of Japan was reported to be monitoring exchange-rate trends, and the yen's intraday decline paused. As a result, views have become increasingly widespread in the market that expectations of renewed intervention in the foreign-exchange market are building.
According to reports, market attention is focused on the possibility of renewed intervention by the authorities, and there were signs at times that the yen's downward momentum was being limited.