BLBG:Yen Falls More than 3% Versus Dollar, Euro as Japan Confirms Intervention
The yen plunged against the dollar and euro after Japan intervened in markets to weaken its currency.
The yen sank 3.5 percent to 78.61 per dollar as of 10:48 a.m. in Tokyo. It lost 3.2 percent to 110.87 per euro.
Japanese Finance Minister Jun Azumi said today the government intervened unilaterally to weaken the yen.
To contact the reporter on this story: Rocky Swift in Tokyo at rswift5@bloomberg.net
To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net
