Reported about 1 month ago
Japan's Finance Minister Katsunobu Kato has expressed increased urgency in monitoring currency fluctuations as the yen has dropped to a nearly three-month low against the dollar. After the yen fell to 153.19 per dollar, Kato highlighted concerns over rapid, one-sided moves in the foreign exchange market, hinting at possible government intervention if the currency hits 160. With a general election approaching in Japan and the U.S. presidential election on the horizon, authorities may hesitate to take action until after these events.
Source: YAHOO