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Yen Drifts as Traders Mull Impact of Japan Intervention Threat

  • BOJ delivered strong warning Wednesday with rate check
  • Options market points to growing bets on a yen rally
Updated on

The yen drifted in Tokyo trading Thursday as traders mulled Japan’s strongest warning yet that it would act to halt the currency’s slide.

The Japanese currency slipped 0.2% to around 143.40 per dollar, having rallied from just under the closely-watched 145 level Wednesday on signs the Bank of Japan was preparing an intervention