Yen stuck at 157 as markets weigh limits of US-Japan intervention

Traders leery of further action but unconvinced yen weakness is over Expectations for further foreign exchange rate intervention are making it difficult to push the yen significantly lower. (Photo by Shintaro Ino) TOKYO — The yen is holding around the 157 level against the dollar, as traders assess the staying power of coordinated U.S.-Japan intervention and the likelihood of further action.

Read the full article at the source →