Yen

Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.

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The yen briefly surged in Asia trade, putting investors on high alert. The whipsaw trading followed Japan's likely spending of around ¥5.4 trillion ($34.5 billion) last week to support the yen. The Japan Times reported.