Sign of intervention? Japan's yen jumps against dollar

“Last night’s volatility comes after the central bank opted not to adjust its asset purchase volumes in last week’s decision, keeping rate differentials at spectacularly-wide levels, and leaving policymakers with few options to arrest the currency’s decline," said Karl Schamotta, Chief Market Strategist at Corpay. He added that the break above 160 clearly amounted to the sort of “disorderly” move that the Ministry of Finance has previously proven willing to tackle. Read the Reuters article here.