By Chibuike Oguh
NEW YORK Aug 3 (Reuters) - The yen strengthened against the dollar and euro on Monday as investors watched for signs of further intervention after Tokyo and Washington stepped into the foreign exchange markets last week to support ***** an's currency.
Japan and the U.S. conducted coordinated yen-buying intervention and will not hesitate to take further action, ***** an's Finance Ministry said on Monday.
The ***** anese currency was last up 0.18% at 157.05 per dollar, remaining at its strongest level in about three months.
"It became clear by Friday that there was an intent, and more, of an announcement of the U.S. actually working together with the ***** anese to intervene in the FX," said Juan Perez, director of trading at Monex USA.
#dollar
NEW YORK Aug 3 (Reuters) - The yen strengthened against the dollar and euro on Monday as investors watched for signs of further intervention after Tokyo and Washington stepped into the foreign exchange markets last week to support ***** an's currency.
Japan and the U.S. conducted coordinated yen-buying intervention and will not hesitate to take further action, ***** an's Finance Ministry said on Monday.
The ***** anese currency was last up 0.18% at 157.05 per dollar, remaining at its strongest level in about three months.
"It became clear by Friday that there was an intent, and more, of an announcement of the U.S. actually working together with the ***** anese to intervene in the FX," said Juan Perez, director of trading at Monex USA.
#dollar
2 months ago
