The yen moved rapidly higher, briefly reaching the ¥155-per-dollar range. Market concern about the possibility of additional intervention is rising.
The yen moved rapidly higher, briefly reaching the ¥155-per-dollar range. Market participants view the move to this level as a short-term correction.
Concern about the possibility of additional intervention is rising, and the government's and the Bank of Japan's response is drawing attention. No official announcement of intervention has been confirmed at this point.