Dollar Strengthens Against Yen Amid Speculations of Tokyo's Intervention
Tuesday, 16 July 2024, 11:43
Dollar Strengthens Against Yen
The dollar showed a slight increase against the Japanese yen.
Concerns of Tokyo's Market Intervention
Traders are wary of potential interference by Tokyo in the currency market.
Volatility in Exchange Rates
The market witnessed fluctuations, with the dollar rising to 158.44 from recent lows.
It had traded close to 162 yen before dropping to 157.16 post-Tokyo's suspected intervention.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.