Market News
Fears of BoJ intervention keeps dollar/yen below 160 - REUTERS
Summary
- Traders on watch for BoJ intervention to support yen near 160
- Concerns over possible increased fiscal spending weigh on Japanese currency
- Risks to Fed independence remain under the spotlight
- German data offers mild support to euro, Greenland in focus
Jan 15 (Reuters) - The yen edged higher against the dollar on Thursday as investors expected a Bank of Japan intervention to shore up the currency near 160, amid concerns over expanded fiscal spending after the general election.
A break above 160.00 or the high from July 2024 at 161.95 are viewed as two important potential lines in the sand.




