Japan ready to intervene as yen plummets

By Agence France-Presse

Nov 02, 2023 12:16 am

TOKYO: Japan's top currency official said on Wednesday that Tokyo was 'on standby' to intervene after the yen fell to a new year-low against the dollar and plunged against the euro, Bloomberg reported.

The yen dropped below 151 against the dollar overnight after the Bank of Japan further loosened its control of bond yields but stuck with subzero short-term interest rates.

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