‘Mr Yen’ says Japan may intervene if yen drops to 155
Japanese authorities may intervene if the yen sinks to 155 to 160 against the dollar, according to a former top foreign exchange official Eisuke Sakakibara. The Bank of Japan’s decision on Tuesday to exit the world’s last remaining negative rates regime sparked a sell-off in the Japanese currency as Governor Kazuo Ueda reiterated monetary conditions … Read more
