Washington, July 31 (Jiji Press)--The U.S. Treasury Department has informed a number of banks that it may intervene in the Japanese yen market, a Treasury source told Jiji Press on Friday. The U.S. authorities reportedly conducted a rate check, asking financial institutions

July 30 : The dollar sank against the Japanese yen on Thursday with traders alert to the possibility of intervention from Japan to prop up its stubbornly weak currency. The dollar…

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

By Jessica Fleetham and Megumi Fujikawa