Japan Said to View U.S. as Yen Intervention Obstacle

Japan views probable U.S. opposition to currency intervention as an obstacle to selling the yen, according to three Japanese government officials.

Yen sales without U.S. backing would be a challenge, the officials said on condition of anonymity because the government discussions are private. Two of them also said volatility, rather than the current level, would be a more likely trigger for an end to the policy of refraining from sales of the currency, which last week hit a 15-year high against the dollar.