The yen jumped against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities.
The dollar tumbled to a low of 154.40 yen from as high as 160.245 earlier in the day. Banking sources said Japanese banks were seen selling dollars for yen.
Traders had been on edge for weeks for any signs of action from Tokyo to prop up a currency that has lost some 11 percent against the dollar so far this year.
NTD spoke to Joseph Trevisani, senior analyst at FX street for analysis on what’s behind the yen’s movement.
