Banks told to prepare for possible operation to buy Japanese currency

LONDON, July 30 : The yen rose sharply against the dollar on Thursday, in a move so rapid and large in its scale that it alerted traders to the prospect of intervention by Japan…

LONDON, July 30 : The yen surged against the dollar on Thursday, in a move so rapid and large in its scale that it alerted investors to the prospect of intervention by Japan to…

By Jessica Fleetham and Megumi Fujikawa

Coordinated actions seen as joint effort to curb yen weakness

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

Banks told to prepare for possible operation to buy Japanese currency