Japan carries out yen-buying intervention as US executes rate check

Actions help push Japanese currency into 157 range against dollar at one point The U.S. and Japan appear to have worked together to stem the yen's slide against the dollar. (Photo by Akira Kodaka) LONDON/NEW YORK — The Japanese government intervened in foreign-exchange markets to buy yen and sell dollars on Thursday, while U.S. authorities executed a rate check, a move often seen as a precursor to intervention, according to market participants.

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