Yen hits 160.8 per dollar, reviving Japan intervention fears
What's new: The slide came after a hawkish Fed signal, even after Japan spent a record 11.7 trillion yen on support last month.
What's new: The slide came after a hawkish Fed signal, even after Japan spent a record 11.7 trillion yen on support last month.
What's new: The 7-1 move sent the Nikkei to a record above 70,000 while the yen hovered near 160 per dollar.
What's next: Deputy Governor Ryozo Himino will chair the review as markets brace for a rate hike and clues on further tightening.