Japan's yen hit 160.20 against the dollar on Aug. 28, threatening to unwind $96.5B in record intervention spending. Here's what it means for

Japan spent a record 15.4 trillion yen on foreign exchange intervention last month, surpassing its previous single-month benchmark as the yen

TOKYO, Aug 28 : Japanese authorities spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to support the local currency,…