The Asian currency briefly passed 145 per dollar, hitting a near eight-month low as investors keep an eye on whether Japanese authorities will intervene.
The Asian currency briefly passed 145 per dollar on Friday, hitting a near eight-month low of 145.07 as investors keep an eye on whether Japanese authorities will intervene in the currency market.
"Intervention is best conceived of as an escalation ladder," said Marc Chandler, chief market strategist at Bannockburn Forex. Japan bought yen in September, its first foray in the market to boost its currency since 1998, after a Bank of Japan decision to maintain ultra-loose policy drove the yen as low as 145 per dollar.Still, business sentiment
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