Yen fluctuates with intervention talks

The yen experienced significant swings reflecting market nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. The movement of Japanese yen against the dollar and other major currencies took center stage.

Speculation remains high that Japanese authorities intervened in the currency market to shore up the yen, after it surged against the dollar. Local media attributed the move to a round of official buying from Tokyo to support a currency that has been at 38-year lows, though authorities have been reticent to provide any hints.

Learn more about the price movement of Japanese yen.