May 17, 2024
Finance

Yen Rebounds Strongly After First Slide Past 160 Since 1990

(Bloomberg) — The yen swung in holiday-thinned market conditions, punching through 160 per dollar to its weakest in 34 years before rebounding strongly and raising speculation authorities may have intervened. Most Read from Bloomberg The Japanese currency dropped as much as 1.2% to 160.17 per dollar early on Monday before heading into the other direction

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Finance

Yen on intervention watch; Asia shares subdued

By Rae Wee SINGAPORE (Reuters) – The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to a new low, while Asian stocks fell ahead of a key U.S. inflation reading. Markets were largely rangebound ahead of Friday’s much-anticipated U.S.

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