Yen Breaches 150 Per Dollar Again, Raising Intervention Risk
- Wide interest rate gap with US weighs on Japan’s currency
- Havens in focus as tensions in Middle East ratchet higher
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The yen briefly weakened beyond 150 against the dollar again as the wide yield gap between Japan and the US continues to weigh on this year’s worst-performing major currency.
It touched 150.11 per the greenback in early Asian trading on Monday before quickly recovering amid weight from options-related dollar selling and suggestions of algorithmic transactions. It was little changed at 149.87 at 11:30 a.m. in Tokyo.