Yen rises sharply versus U.S. dollar after late-July intervention
The Japanese yen gained sharply against the U.S. dollar on Wednesday after retracing about half of its end-July rise following a rare joint U.S.-Japan intervention. No immediate driver was identified.
By Karen BrettellThe Japanese yen gained sharply against the U.S. dollar on Wednesday, after retracing approximately half of its increases made after a rare joint intervention by the U.S. and Japan at the end of July.It was not immediately clear what prompted the move.
The yen reached a 40-year low…