Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, two sources familiar with the matter said.
Departing from the calibrated jawboning that preceded previous bouts of intervention, the Ministry of Finance (MOF) could step in abruptly to wipe out speculative yen positions, the sources said. Officials are also avoiding any suggestion of a specific "line in the sand" exchange-rate level that would trigger action.
