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Yen Weakens Past 145 Per Dollar, Nears Prior Intervention Levels

  • Japan will take currency action if necessary: finance minister
  • Intervention impact may only be short-lived, OCBC’s Wong says
Bloomberg business news
WATCH: Monex’a Simon Harvey discusses the yen’s drop and BOJ policy.Source: Bloomberg
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The yen slid back past 145 per dollar, prompting renewed warnings from Japan’s finance minister and boosting speculation the government may intervene prop up the currency for a second time this year.

The nation’s currency slipped as much as 0.4% to 145.30, extending this year’s decline to 21%. The yen had tumbled to a 24-year low of 145.90 on Sept. 22 before policy makers stepped in to contain losses.