Yen rise continues
MARKET NEWS
Despite Japanese intervention, the dollar has continued to fall against the yen. But Derek Halpenny (right), currency economist at Bank of Tokyo-Mitsubishi in London, says more balanced flows are on the horizon
The depreciation of the dollar against the yen that began after the dollar set an intra-day high of 135.20 on January 31 continued last week, with the dollar setting an intra-day low of 115.63 on Tuesday (July 16). The intra-day high-to-low depreciation of the dollar against the yen this
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