Market expects more yen intervention
MARKET NEWS
TOKYO -- The yen rallied against the dollar last Wednesday after the Federal Reserve indicated that US economic conditions could worsen. The yen’s strength is largely seen as a sign of dollar weakness, analysts told FX Week, but the market still expects the Bank of Japan to intervene in the market again in the near-term.
The Fed left rates unchanged at the Federal Open Market Committee meeting last Tuesday, but said the balance of risks to the US economy had shifted towards weakness. That helped
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