Yen Rises Against Dollar Amid Intervention Speculation
The yen rose 0.75% to 155.69 as markets watched for potential intervention by Japanese authorities. Thin holiday liquidity likely fueled the sudden gain.
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Japan's yen rose 0.75% to 155.69 against the dollar on Monday midday following suspected government intervention to support the currency. This move follows the first yen-buying activity in two years conducted by authorities during the previous week. Investors are monitoring whether unilateral action can stabilize USD/JPY or if United States cooperation is required.
