Hot US Inflation Drags the Yen Close to 160. Will Japan Step In Again?
The dollar climbed to 159.94 yen early Thursday in Tokyo, its strongest level in more than two months. Hot US inflation data and rising bets on a Federal Reserve (Fed) rate hike drove the move. That leaves the yen just short of 160, a level markets watch for signs of Japanese intervention. Japan spent a The post Hot…
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