Japan’s FX Chief Says Past Yen Intervention Has Shown Impact

Foreign exchange intervention by Japan to support the yen two months ago was successful, and some US authorities voiced support, the nation’s top currency official said, as the yen hovers...

By Erica Yokoyama, Takashi Umekawa · Bloomberg Markets

Foreign exchange intervention by Japan to support the yen two months ago was successful, and some US authorities voiced support, the nation’s top currency official said, as the yen hovers at a four-decade low.