It started as a rumor around 4 hours ago, but Nikkei has just confirmed it. The Japanese government intervened in foreign-exchange markets to buy yen and sell dollars on Thursday, while U.S. authorities executed a rate check, a move often seen as a precursor to intervention, according to market participants. The moves suggest the two governments are coordinating to curb the yen's depreciation. The yen surged from around 9:30 a.m. Eastern Time on Thursday. It strengthened to the 157 range against
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