Early trade in New York: Yen at post-intervention low

30 Mar, 2011

The yen slid to post-intervention lows on Tuesday and analysts anticipate more losses if the spread between US and Japanese yields continues to widen and if repatriation flows into Japan fail to emerge. The dollar rose to 82.48 yen while the euro was last at 116.08 yen, a 10-month high. The euro hit a session low of $1.4060 on the EBS trading platform after falling through reported bids at $1.4080. It last traded nearly unchanged at $1.4084.

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