Yen Gains as Japan Warns of Further Market Intervention
The yen rose to 155.60 per dollar as Japan warned of further intervention. Officials signaled readiness to act during Golden Week holidays to deter speculators.
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Japan triggered a 0.66% jump in the yen to 155.60 per dollar after warning of immediate market intervention. The move follows a 3% surge on Thursday after officials reportedly conducted the first official currency buying in two years. Investors face heightened volatility as thin liquidity during the Golden Week holidays invites speculative attacks against the currency.
