Yen Falls From 15-Year High on Speculation Japan Will Intervene
The yen retreated from a 15-year high versus the dollar on speculation Japanese authorities will act to stem gains that risk derailing the nation’s recovery.
The yen also fell from the strongest in nine years against the euro after Japanese Finance Minister Yoshihiko Noda pledged “appropriate action” on the currency and the Nikkei newspaper said the Bank of Japan is considering further monetary easing. The euro rebounded from a six-week low against the dollar after a report showed German business confidence unexpectedly increased to a three-year high in August.....>>>>>>>>
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