Japan may have fired its yen bazooka twice, but markets are testing Tokyo’s resolve

While authorities have typically refrained from immediately confirming currency interventions, they usually issue warnings beforehand — an intentional, strategic ambiguity that keeps the element of surprise to maximize market impact. Richard A. Brooks | Afp | Getty Images After multiple warnings against the "speculative" and "one-sided" currency moves, Japan's Ministry of Finance appears to have put its money where its mouth is and intervened in the yen during the country's Golden Week holiday. …