TOKYO -- The next round of Japanese government intervention to stop the yen's slide will likely happen if the currency hits 165 versus the dollar, according to Bank of America Securities and Citigroup.
Currencies
Analysts expect next Japan forex intervention around 165
Tokyo awaiting May U.S. inflation data on Friday: Mizuho
The Japanese government is thought to have spent around 8 trillion yen ($49.9 billion) in total in late April and early May to halt the yen’s decline. (Photo by Yuji Murakami)
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