TOKYO, July 31 (Reuters) – Japan conducted massive yen-buying, dollar-selling market intervention in New York markets on Thursday, the Nikkei newspaper reported, citing market sources.
U.S. authorities also conducted so-called “rate checks,” which are precursors for currency intervention, a sign Tokyo and Washington were working together to prevent yen declines, the paper said on Friday.
(Reporting by Leika Kihara; Editing by Chris Reese)
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