Analysts mull yen intervention
MARKET NEWS
TOKYO -- After trading for much of last year in a tight range, the yen has recently weakened significantly, and analysts are not ruling out central bank intervention to halt its slide.
"Japanese officials are ready to curb the yen’s weakness if it devalues too quickly -- their goal is to keep the pace controlled," senior currency analyst at Standard & Poor’s MMS in London, Will Rugg told FX Week.
Rugg said intervention is unlikely to halt the yen’s slide in the long-term, but as a short-term
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