Yen sinks to 158 range against dollar in New York
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Japan’s yen jumps vs dollar amid specter of intervention
NEW YORK/TOKYO >> The yen jumped against the dollar late today, with traders on high alert for signs of intervention by Japanese monetary authorities to boost a currency languishing near 34-year lows.
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Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days
Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days Two days after the yen soared after crashing to a 34 year low of 160 against the US, when the Japanese Ministry of Finance reportedly spent around 5 trillion yen, or just over $30 billion, to push the imploding Japanese currency to levels not seen in about 48 hours, moments ago with much of the impact from the first intervention having fizzled, the Japanese Ministry of Finance appeared to step in again when...
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Yen sinks to 34-year low past 160 per dollar
The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. The greenback bought 160.17 yen in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step