Japan’s Latest Warnings on FX Intervention Help Buoy Yen

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Japan’s top currency official helped strengthen the yen by delivering his strongest warning yet to speculators that authorities may take bold action in markets if current conditions persist. “We’re hearing increasing concern that speculative activity is picking up not just in the crude oil futures market, but also in the foreign exchange market,” Atsushi Mimura, vice finance minister for international affairs told reporters Monday. “If this situation continues, we believe decisive action may soon be necessary.”