Tokyo Intervened Again Thursday. The Yen Still Can’t Find a Floor.

The Bank of Japan took its policy rate to the highest level since 1995 last month. Dollar/yen is still trading close to its weakest level since 1986.

The Ministry of Finance moved to defend the yen Thursday, its clearest suspected intervention since April.

The Bank of Japan took its policy rate to the highest level since 1995 last month. Dollar/yen is still trading close to its weakest level since 1986.

By Dorian / ZTrader.AI Research

[DATA NOTE — As of filing, the BOJ’s July 31 decision has not yet be…