FOREX-Yen clings to gains after suspected intervention, eyes on Fed ...Middle East

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FOREX-Yen clings to gains after suspected intervention, eyes on Fed
source : Devdiscourse ( Middle East ) () 76
The yen struggled to hold its line against the dollar on Tuesday after making sharp gains the previous day sparked by suspected intervention by Japanese authorities. The currency inched down 0.30% to 156.79 per dollar but was well off its 34-year low of 160.245 hit on Monday when traders say yen-buying intervention by Tokyo drove a eye-catching rebound of nearly six yen. It briefly popped above 157 earlier in Tuesday's session.

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