The Bank of Japan intervened in the forex market late Wednesday, buying US dollars for yen. Finance Minister Masajuro Shiokawa confirmed the move, reportedly saying that the Ministry of Finance had taken "appropriate action." The intervention sent dollar-yen soaring in late Tokyo trade to touch Y125 before settling back to Y124.90. Earlier, the dollar had been mauled across the board in Asia, falling to multi-month lows against all major currencies. The yen rose to a five-month high at Y123.50, while the euro hit an eight-month high at $0.9244. Dealers say continuing bearish dollar sentiment, along with further terrorist warnings from US officials, weighed on the greenback. The aussie dollar hit 16-month highs at $0.5598, helped in part by spot gold rising to 26-month highs. //MarketNews