TOKYO -- Currency interventions by Japanese authorities appear to be having little effect on the yen's weakness against non-U.S. currencies, as carry trades drive the yen to historic lows against the Swiss franc, British pound and more.
The market's response to the Bank of Japan's caution at its policy meeting last week is "fueling selling pressure on the yen," said Takumi Naya at Sumitomo Mitsui Banking.
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