Yen Rebound Looks Shaky as 160 Comes Into View — Market Talk

The yen's rebound seems to be built on shaky ground, says Bank J. Safra Sarasin's Claudio Wewel. The Japanese currency has weakened to 158 against the dollar, reviving intervention chatter as markets weigh the prospects of more global rate hikes. Wewel reckons that the yen will likely remain around…