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Japanese yen strengthens sharply after hitting 160 against dollar for the first time since 1990
Speaking shortly after the yen hit 160 on Monday, Koll said any intervention "will be a waste of Japan's national assets" as the country sells its U.S. dollars to buy yen. Koll said the yen could ...
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Yen’s wild ride: Ups, downs, and Bank of Japan interventions
In both cases, authorities buy or sell yen, usually against the dollar. The Ministry of Finance decides when to step in and the Bank of Japan acts as its agent. The decision is highly political ...