Yen Slides to 159.39 Per Dollar as Traders Eye 160 Intervention Line
Updated
Updated · Bloomberg · Aug 11
Yen Slides to 159.39 Per Dollar as Traders Eye 160 Intervention Line
3 articles · Updated · Bloomberg · Aug 11
Summary
159.39 yen per dollar marked the currency’s weakest point in Tuesday’s London session, leaving it within sight of the 160 level that has previously triggered intervention speculation.
A 0.1% slide came in subdued trading with Tokyo markets shut for a holiday, but the move still kept traders bracing for another test of that threshold.
The focus on 160 reflects its role as a key line for Japanese authorities, who could again step in to support the yen if weakness deepens.