Yen Intervention on Watch; Korean Stocks Jump by Record The Bank of Japan's (BOJ) potential intervention in the currency market has sent shockwaves through global financial markets.
The yen stands at an 18 year high against the US dollar, prompting speculation that the BOJ may take action to prevent further appreciation.
Understanding the Yen Intervention A strong yen can be detrimental to Japan's economic growth, reducing the competitiveness of its industries and making imports cheaper.