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Add as a preferred source on GoogleQuotes from Western Union:- A Japanese official helped talk up the yen from near three-week lows above ¥120. That key level seems to be Tokyo's line in the sand of tolerating currency weakness. - Recent breaches of that …
Quotes from Western Union:
- A Japanese official helped talk up the yen from near three-week lows above ¥120. That key level seems to be Tokyo's line in the sand of tolerating currency weakness.
- Recent breaches of that key psychological level have proven relatively short-lived in recent weeks. Japanese officials may be attempting to slow the yen's rapid descent.
- The longer run still augurs a weaker yen with the Fed expected to boost interest rates this year.
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