Japan suspected to have intervened again after yen jumps
Experts say currency would not automatically lose free-floating status with further FX interventions
A former Bank of Japan official and other experts say the Japanese authorities are likely to have intervened once again to prop up the yen after it rallied by as much as 1.8% against the dollar today (May 6).
The currency rose as high as ¥155.04 against the greenback during Asian trading hours, thus ending a three-day decline. Today’s rally came after Japanese finance ministry officials said this week that they would monitor currency markets as much of the country shut down for the Golden Week
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