Yen to continue climbing despite intervention threats, say analysts
Tokyo officials do not rule out intervention, though market watchers say it is unlikely in the run-up to the G-7 meeting
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Tokyo
WARNINGS of official intervention to halt so-called "one-sided" moves of the yen don't seem to be working, as the yen moved to fresh 17-month highs on Monday, reaching 107.63 to the dollar in Tokyo trading at one point.
Market players say that any such move would be fruitless, and predicted a further strengthening of the yen.
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