Yen's Strength Looks Persistent

Dow Jones
Sep 08

1021 GMT - The strengthening in the Japanese yen is looking persistent,Saxo analysts say in a note. The yen has continued to strengthen, hitting a six-month high of 152.89 yen per U.S. dollar earlier Tuesday, before trimming some of its gains. This leaves the dollar close to testing the 152.10 low for the year, less than a week after rising above the 160.00 level, the analysts say. "It's the most persistent strengthening move, now in its fifth day, in over a year," they say. The dollar last trades 0.2% lower at 154.05 yen.

 

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