You are here

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

27125393 - 24_02_2013 - CURRENCIES.jpg
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.

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

sentifi.com

Market voices on:

Powered by GET.comGetCom