TOKYO - Japanese authorities intervened in the currency market on Thursday to stem the yen's rapid fall to the upper 160 range against the U.S. dollar, government sources said, stepping into the market for the first time in one year and 10 months.
A market estimate based on Bank of Japan data released Friday shows some 5 trillion yen ($32 billion) was likely spent for the intervention on Thursday.
Log in or create a Free Membership
Account
Log in
or
Create accountFree Membership Provides
Newsletter from Editorial Team and access to archive articles from past three months.
By continuing, you agree to the Terms of Use,
and Privacy Policy.
Related coverage:
