1. If the EEA intervenes to support sterling then the receipt of sterling by the Bank will act to drain market liquidity. 2. Along with limiting the supply of baht, the central banks of Singapore and Japan intervened to support the currency. 3. But the dollar weakened against the yen on fears that the Japanese central bank might intervene to support the currency. 4. It said it will not intervene to support the stock market, except in an emergency like a market crash. 5. It was the first time that the bank had intervened to support the value of the yen in more than five years. 6. The dollar, already weak, fell further when Treasury Secretary Lloyd Bentsen said the government had no plans to intervene to support the dollar. 7. The ministry said it will not intervene to support the stock market, except in an emergency like a market crash. 8. Then the finance minister, Hiroshi Mitsuzuka, suggested that the Bank of Japan might intervene to support the yen by selling dollars. 9. Yeltsin later intervened to support a settlement. 10. Overseas, the U.S. currency fell back from earlier highs on worries Japanese officials might intervene to support the yen if the dollar rose too high. |