Japan's yen jumps against the dollar after earlier plunge
The Japanese yen jumped suddenly against the dollar on Monday, with traders on high alert for signs of intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.
The dollar fell sharply to 156.55 yen from as high as 160.245, and it was not immediately clear what was behind the move.
Traders are on edge for any signs of action from Tokyo to prop up a currency that has fallen 11% against the dollar so far this year.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement
ALSO READ
Yen surges on suspected intervention by Japanese authorities
Euro zone bond yields rise as traders assess Fed, ECB rate bets repricing
Euro zone bond yields edge up as traders assess rate bets repricing
GLOBAL MARKETS-Asia shares hit 15-month high as traders wait for CPI
Argentina traders bet on another big rate cut as inflation eases