Yen surge dampens US$ bullish streak

Fri, May 27, 2016 - 5:50 AM

An early surge in the yen in Asia on Thursday put a dampener on any further progress for the US dollar after a bullish two weeks and spurred speculation that US investors are opposing any gains past 110.50 yen.

PHOTO: REUTERS

London

AN early surge in the yen in Asia on Thursday put a dampener on any further progress for the US dollar after a bullish two weeks and spurred speculation that US investors are opposing any gains past 110.50 yen.

In relatively illiquid conditions in the first minutes of...

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