Market News
Yen intervention warnings flash amber - REUTERS
ORLANDO, Florida, Nov 11 (Reuters) - The yen's fall against the U.S. dollar is raising the specter of Japanese intervention to slow or reverse the slide. While imminent action is unlikely, investors should remain on high alert.
The Japanese currency is already below levels that prompted Tokyo to intervene to support it in the recent past, and is now hovering close to the 155 per dollar level that many Japanese companies say is a pain threshold. Last year's record low near 162 per dollar isn't all that far away either.
