Yen eases as investors watch for possible currency intervention
The Japanese yen retreated on Monday and was set for a fifth decline in six sessions as investors tracked signs of potential currency intervention; the dollar gained as markets assessed the path of US rate hikes.
The Japanese yen fell on Monday and was headed for a fifth decline in six sessions as investors watched for signs of possible currency intervention, while the dollar rose as the market assessed the path of US rate hikes. Investors remained alert for any potential intervention in the currency market.