Analyst: Japan Suspected of Intervening in Yen Exchange Rate

According to Odaily, Investinglive financial website analyst Giuseppe Dellamotta stated that after the Bank of Japan's interest rate decision led to a weaker yen, it appears that Japanese officials did indeed intervene in the foreign exchange market. It seems that Japanese officials have set the bottom line for the USD/JPY exchange rate at 159.00. Last week, we also saw officials intensify their verbal interventions, which helped ease the pressure on the yen.