Possible purchase follows $73bn yen total in April-May

Having collapsed to its weakest relative to the dollar in 40 years...

NEW YORK, July 30 : The Japanese yen surged on Thursday, in a move analysts said bore the hallmarks of official intervention by Tokyo to prop up a currency that has slumped to…

By Jessica Fleetham and Megumi Fujikawa

Coordinated actions seen as joint effort to curb yen weakness

The Japanese yen recorded its strongest one-day gain against the U.S. dollar in nearly two years after suspected intervention by Japanese authorities. The move adds to a long…

Possible purchase follows $73bn yen total in April-May