Caution over yen-buying intervention has resurfaced in the foreign exchange market. The yen temporarily fell into the 160 range against the dollar, while Japanese and US officials issued warnings regarding coordinated intervention this summer.
Caution over yen-buying intervention by the Japanese government and the Bank of Japan is increasing in the foreign exchange market. The yen-dollar exchange rate temporarily fell into the 160 range for the first time in two and a half months.
Upward pressure on the dollar strengthened against the backdrop of the Federal Reserve's rate-hike stance. The yen temporarily reached the 160 range on the 12th, and its decline widened further at times on the 13th. This was the weakest yen and strongest dollar level since 2 September.
Officials also issued warnings that brought to mind the coordinated intervention by Japan and the US carried out this summer, drawing attention to future developments.