Tokyo has intervened in the currency markets for the first time in four months amid growing pressure to stop the yen strengthening against the dollar.
It is not clear how much yen had been sold so far but market participants are expecting further sales during Thursday amid strong indications that the Bank of Japan – whose board members are meeting – will decide on additional monetary easing measures later in the day.
NHK, the public broadcaster, said the central bank will decide on new measures at its meeting.
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