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FX Traders Eye Japan Response as Yen Approaches 150 Level

  • Japan’s yen has fallen to three-decade low versus US dollar
  • Analysts see 150 as next key level for possible intervention
Updated on

Traders remained on high alert for possible intervention to support the yen Monday after it touched a 32-year low and neared the key psychological 150 per dollar level.

The Japanese currency was little changed around 148.60 in Tokyo trading after nine straight weeks of losses. Finance Minister Shunichi Suzuki reiterated to reporters Monday that the country will take bold action if there are speculative foreign exchange moves.