Japanese Yen Weakens After Government Intervention as USD/JPY Rebounds to 156.60
The Japanese yen weakened on Friday, reversing sharp gains from the previous session that were attributed to currency market intervention by Tokyo. The USD/JPY pair traded little changed at 156.60, erasing over 2% of losses from Thursday when the government was seen stepping into markets after the pair crossed the critical 160 yen threshold. Market…
