The Japanese yen fell today as the concerns about another intervention continue to mount. The yen appreciated more than 5 percent since the last intervention.
Yoshihiko Noda, Japan’s Minister of Finance, said on October 23rd that Japan’s government is ready to intervene if it’d deem necessary. He also stated the government’s currency policy hasn’t changed after the Group of Twenty meeting.
USD/JPY rose from 80.81 to about 81.37 as of 12:41 GMT today after it reached the daily low of 80.60
If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.