TOKYO -- Money market data released by the Bank of Japan on Tuesday suggested the government intervened in the currency market the day before, when the yen marked a dramatic turnaround against the U.S. dollar after dropping close to 12% from the start of the year.
Currencies
BOJ data points to possible yen-buying intervention
Stokes speculation Japan stepped in to support its currency against the dollar
Bank of Japan data offers circumstantial evidence of possible government intervention in currency markets. (Photo by Mayumi Tsumita)
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