Yen finds footing after intervention, dollar near 6-week low on Mideast hopes
HONG KONG, Aug 5 : Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East.The yen was slightly firmer at 157.60 per U.S. dollar, afte
US-Japan yen intervention raises hopes for stronger won
A rare instance of US-Japan intervention to support the battered yen is giving the Korean won renewed tailwind, raising hopes that the currency could strengthen beyond 1,400 won per dollar. Policymakers confirmed Monday that the US Treasury bought yen in coordination with Japan’s Finance Ministry, marking the first joi
