LONDON, June 29 Reuters The U.S. dollar touched a more than sevenmonth high against the Japanese yen on Thursday after their respective central banks reaffirmed divergent policy plans, while Sweden39;s crown hit a record low after the Riksbank modestly raised its policy rate.

Federal Reserve Chair Jerome Powell speaking on a panel with Bank of Japan Governor Kazuo Ueda on Wednesday noted that two rate rises were likely this year, and did not rule out the possibility of a hike in July.

By contrast, Ueda reiterated that there39;s still some distance to go in sustainably achieving 2 inflation accompanied by sufficient wage growth, the conditions the BOJ has set for considering an exit from ultraeasy stimulus.

The dollar39;s surge of as much as 11.6 since late March to reach 144.71 yen for the first time since Nov. 10 has prompted increased verbal warnings from Japanese government officials that the move may have been too rapid.

The ministry of finance and BOJ intervened in the currency market last autumn when the dollar strengthened beyond 145 yen.

The dollar was last down 0.2 at 144.22.

The playbook of verbal intervention is consistent with intervention happening soon and if it gets above 145 we could quite easily get to see them intervene again, said ING global head of markets Chris Turner.

Last year they were bailed out by U.S. rates, inflation and the dollar all turning lower but this time around there39;s a risk they might get sucked into a longer campaign if…