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Yen Breaches 150 Per US dollar Again, Raising Intervention Risk
The yen briefly weakened beyond 150 against the dollar again in early Asian trading on Monday as the wide yield gap between Japan and the US continued to weigh on the currency, keeping traders on guard against possible intervention from authorities in Tokyo. The Japanese currency slid to 150.11 per the greenback before quickly recovering amid weight from options-related dollar selling. It was at 149.85 as of 5:37 a.m. Tokyo time. The depreciation through the psychological level of 150 puts investors on alert about the possible intervention after Finance Minister Shunichi Suzuki said on Friday that it is important to ... (full story)
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