Japan Signals Possible Intervention as Yen Hits 38-Year Low Japanese authorities, concerned about the yen’s sharp decline to a 38-year low against the dollar, have signaled their readiness to intervene in the currency market. Finance Minister Shunichi Suzuki emphasized the need for stable exchange rates and expressed worries about the economic impact of rapid, one-sided moves. Chief Cabinet Secretary Yoshimasa Hayashi also indicated that Tokyo would take appropriate action against excessive currency fluctuations. The yen was trading at 160.52 per dollar on Thursday, close to its recent low of 160.88. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Hints at September Rate Reduction if Inflation Eases READ MORE China's Gold Dilemma: Rising Prices and Falling Jewelry Demand READ MORE Gold's Long-Term Strength Predicted to Persist READ MORE S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE Yen Volatility Threatens Profitability of Emerging-Market Carry Trades READ MORE Add a Comment Cancel replyYour email address will not be published.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