Economic TimesLean R·
Yen clings to intervention gains as traders stay alert to more
The yen maintained intervention-driven gains after joint Tokyo and Washington action. Speculators are wary of rebuilding bearish positions, which supports the currency. The dollar is nursing losses following the yen intervention and falling oil prices. Investors sold the dollar after the Federal Reserve kept interest rates on hold. This week's jobs report is a key input for the eventual tightening cycle.
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