Japan intervened to support the yen for the first time since 1998, trying to stem a 20% decline against the dollar this year amid increasingly divergent policies from the US
The yen rose as much as 2.3% against the dollar, pulling back sharply from the day’s lows when it broke a key psychological level of 145 as top currency official Masato Kanda said the government was taking “bold ones.” Measures”.
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