Japan data suggests possible yen intervention of around $22 billion

Markets analysts speculated that policymakers had used the opportunity of the U.S. inflation data to enter the market.

The Japanese currency popped 3% against the dollar late Thursday as the market responded to surprisingly soft U.S. inflation data.

Masato Kanda, the vice minister of finance for international affairs of the Ministry of Finance, told Jiji Press that he was not in a position to comment on any possible intervention.

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