Japan won’t intervene unless yen slides below 155, says Watanabe

Markets are on alert for the chance of yen-buying intervention by Japanese authorities. — Reuters

TOKYO: Japanese authorities likely won’t intervene in the currency market unless the yen plunges below 155 to the US dollar, former top currency diplomat Hiroshi Watanabe says.

Markets are on alert for the chance of yen-buying intervention by Japanese authorities as the currency slides near the 152 level, where they last stepped into the market in 2022.