Yen Traders on Intervention Alert as Japan Keeps Guard
- Yen edges closer to 150 per dollar level last seen in 1990
- Kishida, Kuroda both stress policy status quo in parliament
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The yen took a further step toward the closely watched 150 per dollar level, keeping investors on high alert for possible intervention to support the currency.
In volatile trade, Japan’s currency fell to as low as 149.29 yen in morning trading in London, its lowest since 1990, before bouncing back quickly. The move came after the country’s prime minister and central bank chief have insisted they would stick with their current policy mix amid criticism that it is contributing to the yen’s slide.