Japan may not have intervened in the currency market on Monday, according to the Bank of Japan’s projection for money market conditions.
The yen suddenly surged in the Asian morning on Monday to hit 155.20 per dollar, its strongest in about three months, as traders kept on alert for further intervention by authorities.
Tuesday’s data did not indicate a large outflow in the central bank’s current account balances, which are typically interpreted as correlating with the size of any intervention.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
