Yen stabilises as report forecasts big depreciation of renminbi
Currency market turmoil expected to figure in communique issued by the G-20 leaders
Add BT as a preferred source
Tokyo
SIGNS that the yen's ascent may have topped out strengthened on Friday, when the currency retreated against the dollar.
Having hit a 14-month high against the dollar of 107.63 early this week, triggering a barrage of warnings about official intervention by the Japanese authorities, the yen retreated to 109.65 by the close of Tokyo trading on Friday.
TRENDING NOW
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
How the ultra-rich buy property
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Jardines has survived wars and market collapses. Can it survive the digital age?
