Yen rallies as ‘rate check’ sparks intervention speculation
Japanese currency rises most since August after New York Fed queries market participants on price levels
Japanese currency rises most since August after New York Fed queries market participants on price levels

Japan’s finance minister had issued ‘final’ warning to speculators

Kazuo Ueda’s remarks ‘clearly signal’ possibility of tightening in December meeting, say analysts

Traders see higher potential for government intervention to support currency

Currency at lowest since July 2024 after finance minister expresses concern over ‘one-way’ weakening

Traders have also speculated that government may intervene in crude oil markets

Japanese currency climbs sharply on speculation of joint US-Japan market intervention, adding to pressure on greenback