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Currencies

Bank of Japan conducts 'check' on foreign exchange rates

Following yen's fall, move believed to be a step toward intervention in market

A number of sources revealed to Nikkei that the BOJ had conducted a foreign exchange "check" on Wednesday.   © AP

TOKYO -- The Bank of Japan conducted a foreign exchange "check" on Wednesday, asking market participants about rates, Nikkei has learned.

This is believed to be a move to prepare for foreign exchange intervention by inquiring about trends in the foreign exchange market. A number of sources revealed to Nikkei that the BOJ had conducted the check.

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