Yen Surges From Weakest Level in a Year Amid Intervention Talk
- Japanese officials have been warning on currency fluctuations
- The country intervened a year ago to support the currency
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The yen surged from the weakest levels in a year amid speculation that Japanese officials were acting to slow the currency’s slide.
It traded at around 149 versus the dollar early in the Tokyo session on Wednesday after Japan’s top currency official Masato Kanda declined to say whether or not Japan had stepped into the market.