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As intervention threat grows, Japan deals 'strictly' with FX speculators
Japanese Finance Minister Shunichi Suzuki said on Friday that authorities were dealing with currency speculators “strictly,” as an extended sell-off of the yen kept markets on heightened alert for further dollar-selling intervention by Tokyo. Speculation that Japan would follow up its September move and step into the market again has grown over the past week as its currency has slipped further to 32-year lows beyond 150 yen. “We are confronting speculators strictly,” Suzuki told a regular news conference, when asked whether the Japanese yen was under attack by speculators. “We cannot tolerate excessive ... (full story)
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