Japanese Yen Jumps After Authorities Sound Intervention Warning

Japanese Yen Jumps After Authorities Sound Intervention Warning
U.S. dollar and Japan yen notes are seen in this photo illustration on June 2, 2017. Thomas White/Reuters
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LONDON—The Japanese yen jumped on Friday after the government and the central bank in a rare joint statement expressed concern about its recent slide to hit two-decade lows, while the dollar edged higher ahead of key U.S. inflation data.

After a meeting with his Bank of Japan (BOJ) counterpart, the country’s top currency diplomat Masato Kanda told reporters that Tokyo will take appropriate action as needed, a sign Japan may be edging closer to intervening in the market in a bid to arrest the yen’s declines.