Japan intervened in the FX market -- report
So there was a question about whether the move in the yen was due to the strong verbal intervention today, a rate check or actual intervention and it looks like we got our answer.
The Ministry of Finance intervened in the FX market to buy the yen (presumably via selling USD/JPY).
Finance Minister Katayama issued a warning after yen breached 160 to dollar. We are getting closer to taking decisive step in FX market, he said.
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