Japanese yen
dollar
The dollar fell from a peak of 160.245 yen to a low of 154.40 yen
.
Japanese banks were observed exchanging dollars for yen.
Tokyo will support a currency that has plummeted 11% vs the US dollar thus far.
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the Bank of Japan (BOJ) adhered to its recommendations for purchasing government bonds.
preserving extraordinarily large rate differences
disorderly" action that the Ministry of Finance shown itself address in the past
Japane
se governm
ent bonds that are significantly lower than those of US Treasury bonds
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Masato Kanda, Japan's senior currency diplomat, remained silent.
a burden for decision-makers as it raises import prices,