Yen briefly advances to 153 against U.S. dollar after Fed statement

The yen rapidly rebounded against the U.S. dollar in New York on Wednesday, briefly touching 153.00 after the U.S. Federal Reserve released the outcome of its latest policy-setting meeting.A New York-based official at a Japanese bank said the sudden advance of the yen from the upper 157 range earlier in the day may have been the result of additional market intervention by Japanese authorities following action earlier this week.Japan is suspected of having conducted a yen-buying, dollar-selling market intervention Monday after the yen tumbled below the 160 line, though the government has not…READ FULL ARTICLE