Analyst: Japan Suspected of Intervening in Yen Exchange Rate

According to Giuseppe Dellamotta, an analyst at the financial website Investinglive, it appears that Japanese officials indeed intervened in the foreign exchange market following the Bank of Japan's interest rate decision, which led to the weakening of the yen. It seems that Japanese officials have set a floor for the USD/JPY exchange rate at 159.00. Last week, we also observed an increase in official verbal intervention, which helped alleviate pressure on the yen. (Jin10)