The Japanese authorities intervened in the Foreign Exchange market to support the country's falling currency earlier today, The Wall Street Journal reported on Monday citing people with knowledge of the matter.
After significantly declining against the United States dollar, the Japanese yen managed to rebound, jumping over 2%, as investors continued to keep an eye on the central banks' monetary policy moves.
"It is difficult to ignore the bad effects that these violent and abnormal movements [in currencies] will cause for the nation's economy," Japan's Vice Finance Minister for International Affairs Masato Kanda told reporters earlier in the day.
