Yen briefly surges to 146 vs. dollar amid another intervention

The value of the yen fluctuated against the U.S. dollar Friday from a fresh 32-year low in the upper 151 range to the 146 zone as Japan intervened in the foreign exchange market again to prop up the sagging currency.In New York, the yen was continuously sold against the dollar and briefly came to 151.94 in the morning. But it later advanced by more than 5 yen to 146.20.The rapid swing in the U.S. market prompted speculation that Tokyo may have conducted another yen-buying, dollar-selling market intervention.Japan's top currency diplomat Masato Kanda kept silent on whether Tokyo had made a f…READ FULL ARTICLE