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BOJ's reported currency rate check
The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei newspaper reported on Wednesday, as policymakers stepped up warnings about sharp falls in the yen. The yen rose slightly from a near 24-year low against the dollar after the report, which cited unidentified sources, and was trading around 143.89 at 0520 GMT. Comments: Masayuki Kichikawa, Chief Macro Strategist, Sumitomo Mitsui DS Asset Management, Tokyo: "The central bank probably considers recent moves in the yen rate as too sudden and too large." "If the market continues to sell the yen, there is more ... (full story)