
Japan’s Verbal Intervention Causes Nikkei to Take a Hit, But Yen’s Gain Lacks Strength
Nikkei Takes Hit from Japan’s Vigorous Yen Verbal Intervention, But Yen’s Gain Lacks Strength: What Does This Mean? What Happened? The Nikkei tumbled sharply in the Asian session today, largely in response to Yen’s rebound late yesterday. This rebound followed strong verbal interventions by Japanese officials aimed at curbing the currency’s recent weakness. Additionally, profit-taking…