Yen maintains weekly gains after Japan intervention
The yen eased to 156.99 per dollar but holds its best weekly gain since February. Japan intervened to support the currency as markets eye potential June rate hikes.
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Japan bought yen to lift the currency 1.8% this week, marking its sharpest weekly gain since mid-February. The USD/JPY pair eased 0.25% to 156.99 on Friday morning after hitting two-year lows. Investors face heightened volatility as Tokyo prepares for a three-day shutdown amid potential further Ministry of Finance intervention.
