Japan on Wednesday stepped up its warnings about the yen's volatility, with its finance minister hinting at direct market action to arrest the currency's decline and the Bank of Japan carrying out a "rate check," seen as a precursor to intervention.The strongest warnings to date came shortly after the yen fell close to the psychologically important 145 line against the U.S. dollar, reflecting market expectations of a further divergence in the monetary policies of the two nations. Japanese authorities warned that the yen's recent movements have been rapid, one-sided, and excessive.In a rate …READ FULL ARTICLE
