July 31 : The U.S. Treasury has informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should "stand ready for future action," a source familiar with the matter told Reuters.The notice to banks, channeled through the Federal Reserve Bank of New York, comes a day af

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

TOKYO, July 31 : Japan conducted massive yen-buying, dollar-selling market intervention in New York markets on Thursday, the Nikkei newspaper reported, citing market sources.U.S.…

Banks told to prepare for possible operation to buy Japanese currency

Banks told to prepare for potential operation to buy Japanese currency