FOREX-Dollar edges up amid suspected BOJ intervention; pound eyes UK politics ...Middle East

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FOREX-Dollar edges up amid suspected BOJ intervention; pound eyes UK politics
source : Devdiscourse ( Middle East ) () 47
The dollar was slightly higher on Monday following another suspected foreign exchange intervention by Japan, while sterling dithered after Britain's Conservative Party settled on its third leader this year and China's offshore yuan fell to a record low. The yen hit a low of 149.70 per dollar overnight before being swept to a high of 145.28 within minutes in a move that suggested the Bank of Japan (BOJ), acting for Japan's Ministry of Finance, had stepped in again.

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