In Tokyo trading on the 28th, the possibility that Japanese and US authorities would coordinate action against yen weakness was factored in, and the yen rose against the dollar. As of 5:00 p.m., the rate had moved to approximately ¥157 per dollar.
In the Tokyo foreign exchange market on the 28th, the possibility of a coordinated response by Japanese and US authorities to yen weakness was factored in, and the yen rose against the dollar. Market participants watched for signs of coordinated intervention by the government and central bank.
As of 5:00 p.m., the dollar-yen rate was around ¥157 per dollar, with the yen up approximately ¥0.87 from the previous weekend. The move was viewed as a reaction to the conditions that had accelerated yen weakness, and attention is focused on further developments.
The article only suggests the possibility of a coordinated response by Japanese and US authorities and does not mention the timing or scale of any specific intervention. The market is watching for subsequent reports and official announcements.