Yen surges against the dollar, analysts suspect official yen buying intervention

Yen surges against the dollar, analysts suspect official yen buying intervention  Reuters

NEW YORK, July 30 : The yen rose sharply against the dollar on Thursday, in a move analysts said bore the hallmarks of official intervention by Japanese authorities to prop up the battered currency.The dollar fell by as much as 3 per cent to 158.34 , down from 40-year highs hit earlier this week.It was not immediately