Yen in Biggest 2-Week Gain Since 1998 Even as Dollar Rebounds

Updated on
  • Strength is driven by haven demand as market turmoil continues
  • Bank of Japan may see 110 per dollar as `line in sand': CIBC

The yen headed for its biggest two-week gain versus the dollar since 1998 during the Asian financial crisis, intensifying speculation Japanese authorities could intervene to weaken it.

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