The Bank of Japan intervened just after the Tokyo market opened to support the dollar from falling below 140.00 yen dealers said. The central bank bought a moderate amount of dollars to prevent its decline amid bearish sentiment for the U.S. Currency they said. The dollar opened at a record Tokyo low of 140.00 yen against 140.70/80 in New York and 141.15 at the close here yesterday. The previous Tokyo low was 140.55 yen set on April 15.
BANK OF JAPAN INTERVENES IN TOKYO MARKET