Japan Keeps Up Yen Warnings, Declines to Say If Intervened
- Yen swings in volatile session after US inflation surprise
- Suzuki reiterates he will respond against excessive moves
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Japan kept up its warnings over speculative currency moves following the yen’s slump to a three-decade low, as it tried to dissuade traders from testing its intervention strategy.
The currency fell to its lowest since August 1990 in the aftermath of Thursday’s hotter-than-expected US inflation report, before a rapid reversal that raised market chatter of potential action by Japanese authorities.