Reported 8 months ago
Japan's Vice Finance Minister Masato Kanda stated that Japan is prepared to intervene in currency markets round the clock if needed, as the yen remains close to key levels against the dollar. Japan acknowledged spending ¥9.8 trillion to intervene in currency markets previously, and market analysts anticipate further intervention if the USD/JPY triggers buy orders above certain levels. The Bank of Japan might reduce bond buying as one board member mentioned considering further adjustment of monetary easing due to inflation risks.
Source: YAHOO