BOJ Exchange-Rate Survey Sparks Yen Rebound, Intervention Fears

The Bank of Japan has reportedly conducted a survey on exchange-rate conditions in the foreign-exchange market, prompting a moderation in the yen's intraday decline.

This development has heightened market attention to the possibility of another intervention by Japanese authorities.

The yen had been under pressure following the Bank of Japan's September policy meeting, where two policymakers voted against the market's widespread expectation of a rate hike.

Despite reports that the Bank of Japan conducted a survey on exchange-rate conditions, the yen is still on track for a fourth consecutive session of decline.