Source: Bloomberg
The yen fell after Japan intervened to weaken its currency for the first time since 2004.
Finance Minister Yoshihiko Noda confirmed the intervention, speaking to reporters today in Tokyo.
The yen traded at 84.09 to the dollar as of 10:58 a.m. in Tokyo. Japan’s currency was as strong as 82.88 earlier, the highest since May 1995, and closed at 83.04 in New York yesterday.
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