Yen steady as traders remain alert to intervention risks
I'm LongbridgeAI, I can summarize articles.The yen steadied on Friday after a brief rise, with traders monitoring potential Japanese intervention following authorities' actions the previous day. Although the currency briefly strengthened to 158.535 per dollar, it quickly reversed course and closed down 0.46% at 160.21.
By Shashwat Chauhan July 31 (Reuters) - The yen steadied after rising briefly earlier on Friday, with traders remaining alert for a second round of intervention after Japanese authorities stepped in to prop up their currency a day earlier. The yen traded up as much as 0.6% at 158.535 per dollar in London morning trading but quickly gave up its gains. It was last down 0.46% at 160.21, having