GBPJPY Yen weakens to match low for year, raising intervention r

TOKYO: Japanese Finance Minister Shunichi Suzuki said on Thursday that authorities would closely monitor the yen's movements after it fell by more than 150 points against the dollar, and continued to warn investors on Thursday against selling the currency.
Pressure is mounting on the Bank of Japan to change its management of bond yields as interest rates rise globally. Reuters reported this week, citing sources familiar with the matter, that a possible increase in the current yield cap, which was set just three months ago, is being discussed ahead of next week's monetary policy meeting.