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The Economic Times
The Economic Times

Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

Currency markets paused for breath on Wednesday as pressure on the Japanese ​yen eased following recent bouts of intervention ​and a forceful show of U.S. support, while the dollar held near six-week ​lows on fresh optimism over the Middle East.

The yen was slightly firmer at 157.60 per U.S. dollar, after easing about 0.4% from Monday's high of 155.20 in the previous session. It remained well above recent 40-year lows of around 164 per dollar.

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