(Reuters) -The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago. The dollar fell sharply to 155.01 yen from as high as 160.245 earlier in the day. Trade sources said Japanese banks were seen selling dollars for yen.
TOKYO (Reuters) -The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene. The kiwi, meanwhile, briefly jumped to a three-week high after the Reserve Bank of New Zealand kept rates on hold, as expected, but warned of persistent inflation. The main market focus on Wednesday is U.S. consumer price inflation for March, which traders have been eagerly awaiting for hints on the Fed's policy outlook.
(Bloomberg) The beleaguered yen has been hovering near a critical turning point and a 34-year low, but Japanese authorities are likely to wait until a US inflation reading later this week before stepping in to prop up the currency, according to Standard Chartered. Most Read from BloombergTrumpism Is Emptying ChurchesWhy India’s South Rejects Modi — And Why It MattersGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionRBC Fires CFO Ahn After Probe Into Personal RelationshipYellen Im
(Bloomberg) Japanese authorities will probably need to sell Treasuries in the event they step in to support the beleaguered yen, rather than just tapping cash parked in a key Federal Reserve facility, according to Citigroup Inc. Most Read from BloombergTrumpism Is Emptying ChurchesWhy India’s South Rejects Modi — And Why It MattersRBC Fires CFO Ahn After Probe Into Personal RelationshipYellen Implores China to Rethink Economic Growth StrategyGermany to Order Ships, Armored Vehicles Worth Up t