In today’s Tokyo foreign exchange market, the yen briefly reached the ¥160-per-dollar level and broke through ¥160 in the afternoon. Minister of Finance Katayama (片山) said there had been “one-sided, rapid movements recently,” while concern over foreign exchange intervention is spreading across the market.
In today’s Tokyo foreign exchange market, the dollar-yen rate rose to a level at which the yen briefly reached the ¥160-per-dollar mark. During the morning, it traded close to ¥160.
In the afternoon, the yen was seen breaking through ¥160, and the market tone was reported to have shifted rapidly.
Minister of Finance Katayama (片山) said recent movements had been one-sided and rapid, heightening market concern over the possibility of foreign exchange intervention.