German bank: Japan may avoid intervention to boost the yen.

Volkmar Baur of Germany's Commerzbank said in a report that, as some had expected, Japanese authorities may avoid intervening to support the yen on Friday. He said, Friday being a U.S. public holiday, liquidity will be lower. "While this would be a good opportunity for intervention again - of course, that possibility cannot be ruled out - as long as the dollar stabilizes at 161 yen today, the pressure for actual intervention may be minimal." According to data from the London Stock Exchange Group, the dollar fell 0.2% to 160.88 yen, after earlier touching a two-week low of 160.51 yen. Another intervention warning from Japan's Finance Minister Taro Aso and soft U.S. non-farm payrolls data on Thursday provided support for the yen.