TOKYO – The yen’s sharp appreciation on Monday after breaching the 160 mark in opposition to the greenback sparked hypothesis that Japanese authorities had intervened available in the market to help their home foreign money.
It has solely weakened in latest months, elevating issues concerning the attainable affect on import costs and inflation. Nonetheless, the Japanese foreign money rallied to round 155 to the greenback on Monday afternoon after hitting a recent 34-year low that day. Since then, round 156 have been traded.