Yen jumps 3% after officials' 'final warning'; oil swept lower [Yahoo! Finance]
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Source: Yahoo! Finance
By Alun John, Amanda Cooper and Dhara Ranasinghe LONDON, April 30 (Reuters) - Japan's yen surged 3%, the most in a day in over three years on Thursday, following stark warnings from Tokyo officials that intervention to prop up the currency, as well as action in ?other markets including energy, could be imminent. Japanese Finance Minister Satsuki Katayama said earlier on Thursday that the timing to take "decisive action" in the ?market was nearing, in her strongest signal yet of potential currency intervention to prop up the sagging yen. Top currency diplomat Atsushi Mimura also said the timing to take decisive action was approaching, adding ?that "extremely speculative" moves in the currency market were increasing. The Ministry of Finance has threatened intervention in currency and oil markets and on Thursday, reiterated that action could be "on all fronts". "This is our final evacuation warning to markets," Mimura told reporters. When asked whether he was alluding to the cha
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