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Dollar steady, yen up 1%
The currency market experienced stability in the dollar index, while the Japanese yen saw a strong rise of up to 1 percent during Asian trading sessions, reaching its highest level in three months at 155.20 against the dollar. It then slightly retreated to 156.46, down 0.7 percent. This occurred amid expectations that Japanese authorities might intervene again to support the currency, following a previous coordinated intervention with Washington. Additionally, the yen strengthened against the euro and the British pound, putting pressure on the dollar, which remained steady at 99.70 points. The euro reached its highest level in a month and a half at 1.1559 dollars, while the British pound approached its highest in two weeks at 1.3470 dollars. Meanwhile, other currencies also rose, such as the Australian dollar, which reached a one-month high of 0.7069 dollars, and the New Zealand dollar, hitting a two-month high at 0.59075 dollars.
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