, with markets alert to any signs of intervention from Japanese authorities to prop up their currency.
Japanese Finance Minister Shunichi Suzuki and other policymakers have said they are watching currency moves closely and will respond as needed. But because the BOJ is not showing up now, it’s now 160,” said Marc Chandler, chief market strategist, at Bannockburn Global Forex in New York. BOJ Governor Kazuo Ueda has said the central bank may raise interest rates again if the yen’s decline significantly pushes up inflation.
Earlier, the index hit a 105.59, a roughly two-week low, driven lower the day before by surprisingly robust European activity data and cooling US business growth.
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