Yen volatility returns in MoF absence

Market volumes have increased, said Takashi Kimori, deputy general manager of FX and treasury at Bank of Tokyo Mitsubishi in Tokyo, noting in particular that on a three-year timeframe, market participants are currently "very active".

Tohru Sasaki, chief FX strategist at JP Morgan Chase in Tokyo, said: "The market has returned to normal. It was skewed before because of the intervention, but now there is healthy volatility."

A dollar yen trader at UFJ Group in Tokyo added that the market is behaving

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