Yen Rises After Decline on Intervention
Japanese yen trimmed losses yesterday on speculation that Japan’s exporters will buy the currency after the intervention of the government to pay the yen to its lowest level in almost two weeks against the U.S. dollar.
And Japanese exporters may buy the yen before the end of the first half of the fiscal year. They usually buy the yen to transfer profits abroad in local currency when it closed the books up in March and September. Traders in an
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