Yen hovers near 40-year low against dollar as intervention risks mount
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WATCH LIVE
1d ago· 3 min readenNews
Summary
The Japanese yen is hovering near four-decade lows around 162 per dollar, raising the risk of official intervention by Japanese authorities. The dollar steadied after a soft U.S. jobs report reduced expectations for an imminent interest rate hike. The yen briefly surged on Thursday due to suspected intervention buying, but has since weakened again, keeping traders on edge.
Source
bskyYen hovers near 40-year low against dollar as intervention risks mountcnbc.comKey quotes
· 3 pulledThe Japanese yen struggled around four-decade lows on Monday, raising the risk of official intervention
The yen last traded around 162.14 per dollar, just above last week's low of 162.84, the weakest since 1986
The dollar found its feet after having posted its worst weekly performance since April last week, weighed down by a U.S. payrolls report that showed job growth slowed sharply
The Japanese yen floundered around four-decade lows on Monday amid mounting intervention risks.
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