Yen’s sudden jump puts traders on alert for further intervention
Yen’s sudden jump puts traders on alert for further intervention SINGAPORE, Aug 3 (Reuters) - The yen surged against the dollar on Monday, putting traders on alert for further intervention by Japanese authorities to shore up the currency, after Tokyo confirmed coordinated yen-buying intervention with the United States last week. The yen surged more than 1% against the dollar to an intraday high of 155.20, its strongest since early May.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
Yen’s sudden jump puts traders on alert for further intervention SINGAPORE, Aug 3 (Reuters) - The yen surged against the dollar on Monday, putting traders on alert for further intervention by Japanese authorities to shore up the currency, after Tokyo confirmed coordinated yen-buying intervention with the United States last week. The yen surged more than 1% against the dollar to an intraday high of 155.20, its strongest since early May. It has traded near 40-year lows against the dollar, pressured by Japan’s relatively low interest rates and as higher energy prices hit its terms of trade. Japan’s finance ministry could not immediately be reached for comment.
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- Yen’s sudden jump puts traders on alert for further intervention SINGAPORE, Aug 3 (Reuters) - The yen surged against the dollar on Monday, putting traders on alert for further intervention by Japanese authorities to shore up the currency, after Tokyo confirmed coordinated yen-buying intervention with the United States last week. The yen surged more than 1% against the dollar to an intraday high of 155.20, its strongest since early May.
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Yen’s sudden jump puts traders on alert for further intervention
Sources1TypeCoverageInvesting.com · Economy