Business & Finance
Yen Underperforms G-10 Peers as Intervention Boost Fades
Key Points
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.