FILE PHOTO: People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo/File Photo
The fact Japanese authorities have described recent yen declines as driven by some"speculative moves" suggest the authorities are seriously contemplating whether to step in or not, said Yamazaki, who oversaw Japan's 35 trillion yen intervention campaign to weaken the currency in 2003 through 2004. Markets remain on alert for the chance of intervention by Tokyo as the dollar hovers near the 34-year high of 151.975 hit on Wednesday of last week.
Source: News Formal (newsformal.com)
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