Market participants unwind dollar positions as warnings of possible Japan action grow

TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama reiterated on Tuesday that authorities stood ready to respond to currency moves, keeping the rhetoric unchanged despite…

The Japanese yen weakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities.

The Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due to a significant interest rate gap.…