(Bloomberg) The yen has erased its sharp rebound on Friday, as concern over Japan’s low interest rates outweighs any bullishness stoked by suspected official intervention and weaker-than-expected US data.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeFrance’s Macron Calls for Reset of Economic Ties With ChinaTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in P
(Bloomberg) The yen advanced more than 3% against the dollar late in New York, fueling speculation that the Japanese authorities intervened for a second time this week to support the currency after a prolonged bout of weakness.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an
(Reuters) -The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago. The dollar fell sharply to 155.01 yen from as high as 160.245 earlier in the day. Trade sources said Japanese banks were seen selling dollars for yen.
(Bloomberg) The yen swung in holiday-thinned market conditions, punching through 160 per dollar to touch the weakest level in 34 years before erasing all its losses for the day to rebound strongly.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Southeast Asia Heat