Currencies
Yen’s Recent Rebound Has Limits With Month-End Reversal Expected
- Currency pressured at end of every month since February
- Traders see 150 per dollar level as BOJ intervention trigger
Japanese yen banknotes.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The yen is under pressure once again as August draws to a close.
The currency has slumped against major trading peers in the final days of every month since February, and despite moments of brief respite, the trend is holding.