US, Japan buy yen in first joint currency intervention in decades
What's new: The yen briefly strengthened to 157.24 per dollar after reported US purchases of $5 billion to $10 billion.
Bloomberg, The Business Times (Singapore)
Subject
#Satsuki Katayama
Dollar hits 1-year high as Fed hike bets build, yen nears 1986 low
What's new: Futures imply an 85% chance of a quarter-point Fed hike by September, while Japan weighs possible currency intervention.
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.