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The Economic Times
The Economic Times
Business

HISTORICAL FACTS: Yens slide to weekly loss prompts bets for another intervention - The Untold Story

The yen headed for its biggest weekly loss in three months on Friday as the impact of U.S. and Japanese ​intervention faded, leaving traders to wager another round ​of official buying would be needed to stem the rot.

The currency has surrendered roughly half the ​gains sparked by intervention in late July and early August, falling about 1% this week to 159.43 per dollar. It was trading near 164 per dollar before July's intervention and traders see the 160 level as a potential trigger for fresh official action.

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