TOKYO, June 2 : Japanese financial authorities held back from stepping up verbal warnings on the yen on Tuesday even as it neared the key 160-per-dollar mark, a restraint analysts say reflects caution after recent interventions delivered only fleeting impact."We retain our stance of being ready to respond in

Japan spent a record $73.6 billion defending the yen, but USD/JPY keeps testing 160. A likely BOJ rate hike on June 16 raises intervention risks.

TOKYO, June 2 : Japanese financial authorities held back from stepping up verbal warnings on the yen on Tuesday even as it neared the key 160-per-dollar mark, a restraint analysts…