Reported about 1 year ago
The dollar hesitated around the crucial 160 yen mark due to concerns about Japanese intervention, while the yen remains fragile. Despite recovering from a recent decline, the dollar was trading cautiously at 159.43 yen as traders remained cautious of triggering another currency intervention from Tokyo. In other markets, bitcoin rebounded after experiencing its worst day in over two months, partially due to outflows from bitcoin ETFs. Central to the article is Japan's hesitation to intervene in the foreign exchange market.
Source: YAHOO