Japan steps into FX market on April 30 to support the yen

BlockBeats reports that Japan's government and the Bank of Japan intervened in the foreign-exchange market on April 30, buying yen and selling U.S. dollars, according to Nikkei. The yen briefly weakened past 160 per dollar, its lowest level in 19 months, before rebounding to above 155. A government official confirmed the intervention to Nikkei.