The yen rose on Tuesday, supported by a fall in the dollar. This came after Japanese authorities issued their strongest warning to date, indicating Tokyo's readiness to intervene, while the Japanese currency hovered near multi-year lows against major currencies.
Yen Rises After Japan Warns of Possible Intervention
On Tuesday, the yen strengthened against the dollar. This was due to a statement by Japanese authorities about their readiness for currency interventions, made against the backdrop of the yen falling to multi-year lows.