Reply #16: Japan signals readiness to intervene again; market jittery [View All]

[Demeter]

http://news.yahoo.com/yen-drops-talk-intervention-no-official-confirmation-054629681.html

Japan's finance minister said he was closely watching yen moves on Friday, signaling a readiness to continue selling the currency after intervention on Thursday that likely totaled a record amount around 4.5 trillion yen ($56 billion).

Japanese authorities intervened on Thursday and the central bank eased monetary policy to reduce pressure on the export-reliant economy after the yen surged close to a record high with investors buying it as a refuge from the fiscal and economic woes in Europe and the United States...