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Yen Underperforms G-10 Peers as Intervention Boost Fades

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Currencies Yen Underperforms G-10 Peers as Intervention Boost Fades The yen has underperformed all its Group-of-10 peers this month as the boost from recent intervention fades, putting traders on alert for further official action. Japan’s currency has weakened about 0.5% against the dollar in August, reversing part of a 3.2% gain in July.

Currencies Yen Underperforms G-10 Peers as Intervention Boost Fades The yen has underperformed all its Group-of-10 peers this month as the boost from recent intervention fades, putting traders on alert for further official action. Japan’s currency has weakened about 0.5% against the dollar in August, reversing part of a 3.2% gain in July. It briefly rallied after a softer-than-expected US payrolls report on Friday pressured the greenback, only to resume its decline soon after.
Group (ORG) Japan (LOCATION) US (LOCATION)
Originally published by Bloomberg Markets Read original →