India, July 2 -- The Japanese yen strengthened against other major currencies in the European session on Thursday, due to rising investor expectations of government intervention.
Japanese officials are reportedly giving up their long-standing practice of telegraphing intervention risks, according to persons familiar with the situation who spoke to Reuters. Rather, they are moving toward a more focused, covert operation aimed at pressuring speculators and raising the price of betting against the depreciating currency.
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