Yen rise raises intervention fears
MARKET NEWS
TOKYO -- The Japanese yen soared to its strongest level this year versus the dollar last week, putting dealers on alert for official FX intervention.
The currency, whose weakness has been causing consternation among Japan’s neighbours recently, embarked on a rally that saw it rise from around 131 yen per dollar last Monday (March 4) to 126.3 on Thursday (March 7).
Manipulation
Last week, Japan’s finance minister Masajuro Shoikawa warned markets that Japan would consider action over "manipulative"
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