Yen keeps markets on edge, data points to BOJ intervention The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coat-tails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May. Daily operations data from the BOJ on Friday suggested the central bank had spent between 3.37-3.57 trillion yen ($21.18-22 billion) on buying the yen on Thursday, less than three months after its last foray into the market. Tokyo’s top currency diplomat, Masato Kanda, said on Friday authorities will take action as needed in the foreign exchange market, but declined to comment on if authorities had intervened. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Says a March Rate Cut is Unlikely READ MORE Gundlach's Investment Strategy: Cash and Gold in a Volatile Market READ MORE August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs READ MORE China Drives Silver to New Heights with Booming Solar Sector READ MORE Stocks and Bonds Retreat as Investors Brace for Economic Indicators READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment