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
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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.