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Threat of intervention keeps yen speculators at bay

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The yen's appreciation was slowed by a post-Brexit standoff on Monday, as the Japanese authorities stepped up their threats of currency intervention to counter fears that speculators would dump the pound and other key currencies and build up positions in the "safe haven" yen.

Tokyo

THE yen's appreciation was slowed by a post-Brexit standoff on Monday, as the Japanese authorities stepped up their threats of currency intervention to counter fears that speculators would dump the pound and other key currencies and build up positions in the "safe haven" yen.

sentifi.com

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