The Japanese Yen is maintaining its rally against the US dollar amid speculation that Japan’s financial authorities have intervened for the second time this week to support the domestic currency. According to Reuters, data from the Bank of Japan on Thursday suggests that Japanese officials may have spent between 3.26 trillion and 3.66 trillion yen (equivalent to $21.01 billion to $23.59 billion) on Wednesday to prevent the yen from reaching its lowest levels in 34 years. Additionally, the central bank’s projections for Tuesday’s money market conditions indicate a net receipt of funds totaling 4.36 trillion yen, which ... (full story)