Japan intervened, buying yen in foreign exchange market Friday -sources

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Reuters UK

By Shinji Kitamura and Yoshifumi Takemoto TOKYO (Reuters) -Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting to shore up the battered currency as the central bank sticks with ultra-low interest rates, countering a global trend of tightening monetary policy and widening the gap between U.S. and Japanese interest rates. After the dollar rose to 151.94 yen, its highest since 1990, th…

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