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Yen slides past 163, raising intervention alert
The yen is near a four-decade low as the dollar strengthens broadly. Rising oil prices and U.S. Treasury yields are supporting the dollar's safe-haven status. Traders watch for possible Japanese intervention amid the yen's steady decline. The euro and Australian dollar are holding their ground against the dollar. Sterling is testing support as the new UK finance minister considers spending plans.
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straitstimes.com
Yen slides past 163 mark to fresh four-decade low against US dollar
Japan’s currency fell as much as 0.5 per cent to 163.24 per US dollar overnight as the greenback strengthened. Read more at straitstimes.com. Read more at straitstimes.com.
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thehindubusinessline.com
Yen slides past 163 mark to fresh 40-year low against US dollar
The yen slid past 163 per dollar for the first time since 1986, extending its decline and increasingly testing Japanese authorities’ resolve to intervene.
