
Bank Of Japan Offers A 'Final Warning' Of Intervention To Investors As Yen Currency Slides On 'Extreme Speculation'

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Bank of Japan officials issued a strong warning to currency speculators, indicating imminent intervention as the yen weakens due to extreme speculation. Following this, the yen saw a 3% increase, its largest one-day gain in three years. Japan's Finance Minister hinted at decisive action, and the BOJ conducted a $35 billion yen purchase to stabilize the currency. The U.S. dollar reached ¥157, the highest since May 1990. The yen's volatility is attributed to carry trade investments, with recent interventions costing around ¥5.4 trillion.
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