Japan intervention amount seen at Y800-900 billion: report

Reuters

TOKYO (Reuters) - Japanese authorities have spent 800 billion to 900 billion yen ($11.7 billion) in the foreign exchange market to stem the yen's rise, news agency Jiji reported on Thursday, quoting a market source.

After some verbal warnings earlier this week Japan intervened in the currency market for the first time since March after the yen inched closer to a record high against the dollar on Monday.

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The record amount Japan spent for intervention is the 2.1 trillion yen it used in September.

($1 = 76.89 Japanese Yen)

(Reporting by Shinichi Saoshiro; Editing by Joseph Radford)

(The following story was corrected to state that record intervention occurred in September, not March)