Yen's slide to weekly loss prompts bets for another intervention

The currency has resumed its slide, eroding gains after the U.S. Treasury intervened to prop it up, as concerns mount about the direction of the country’s spending.

The Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key to this situation is the Bank of Japan's position on interest rates, which directly impacts yen stability. Additionally, rising oil prices…