Yen's surge after Fed announcement stirs another intervention talk
NEW YORK -- The yen strengthened to 153.10 to the dollar at its peak on Wednesday following the U.S. Federal Reserve's decision to keep interest rates steady, sparking speculation about another intervention by the Japanese government and the Bank of Japan.
The Fed's latest policy statement pointed to disappointing inflation data and suggested holding off from any policy rate move would allow the economy to balance out.
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