Japanese Yen Surges Against Dollar as Traders Reverse Short Positions

The yen is projected to gain roughly 2 percent against the US dollar this week, marking its strongest weekly move since rare joint intervention efforts between Washington and Tokyo.

4 Sept, 12:04 — 4 Sept, 12:04

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globe-and-mailHigh6h ago

Yen’s tide turns as traders rethink years-long bets against the currency

The yen is on track for a roughly 2 per cent surge against the greenback this week – the most since a rare joint U.S. and Japan intervention

By Dhara Ranasinghe and Rae Wee and Atsuko Aoyama

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Japanese Yen Surges Against Dollar as Traders Reverse Short Positions

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Yen’s tide turns as traders rethink years-long bets against the currency

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