Japan’s yen jumps on suspected BOJ intervention, fails to keep gains
“It’s blindingly obvious that the BOJ is intervening,” said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. “Dollar-yen wouldn’t be moving like this otherwise.” Friday’s intervention, which policy sources confirmed, came as the dollar hit a fresh 32-year high of 151.94 yen and triggered a rally of more than 7 yen for the Japanese currency to 144.50 per dollar.
