Published 15 days ago

Yen gives up ground vs dollar following surge on suspected intervention

Summary by Channel News Asia

TOKYO : The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the dollar overnight that traders and analysts were quick to attribute to intervention by Japanese authorities.The dollar was 0.9 per cent higher at 155.98 yen as of 0100 GMT, retracing about half o

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Channel News Asia

Yen gives up ground vs dollar following surge on suspected intervention

15 days ago·Singapore

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Star Advertiser

Yen slightly higher after suspected intervention | Honolulu Star-Advertiser

NEW YORK >> The yen was slightly stronger on the day today after a sudden rally late on Wednesday that traders an analysts attributed to intervention by Japanese authorities, while the dollar was also broadly higher.

15 days ago·Honolulu, United States

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WTVB

Yen gives up ground vs dollar following surge on suspected intervention

By Kevin Buckland TOKYO (Reuters) – The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the dollar overnight that traders and analysts were quick to attribute to intervention by Japanese authorities. The dollar was 0.9% higher at 155.98 yen as of 0100 GMT, retracing about half of its late Wednesday surge from around 157.55 to exactly 153 over a period of about 30 minutes. The sharp overnight mo…

15 days ago

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eNCA

Yen slips after rallying on suspected intervention, stocks mixed

Yen slips after rallying on suspected intervention, stocks mixed Estelle.Bronkhorst Thu, 05/02/2024 - 06:00 HONG KONG - The yen weakened on Thursday following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week, after Federal Reserve boss Jerome Powell warned interest rates would stay higher for longer.Powell's remarks, however, were tempered by his assurance that borr…

15 days ago

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Blue Water Healthy Living

Yen slightly higher after suspected intervention

By Karen Brettell NEW YORK (Reuters) – The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders an analysts attributed to intervention by Japanese authorities, while the dollar was also broadly higher. The sharp move in the yen on Wednesday came in a quiet period for markets after Wall Street had closed, and hours after the U.S. Federal Reserve had wrapped up its policy meeting. Fed Chair Jerom…

15 days ago·Port Huron, United States

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