Market remains on MoF alert
MARKET NEWS
TOKYO -- The Japanese yen held steady last week as traders remained nervous about the prospect of further intervention from the Japanese Ministry of Finance (MoF).
According to FX traders in Tokyo, market fear increased after the Bank of Japan, acting at the behest of the MoF, intervened in Tokyo on Tuesday evening (June 4) Japanese time. The move was unusual in that although the BoJ does intervene outside of Japanese trading hours, it is usually through a bank in Europe or the US.
"We hear they
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