Yen strengthens amid caution over verbal intervention by Japan and the US; EUR/JPY dips below the 178-yen level for the first time in two weeks

The story

Yen buying prevailed amid caution over verbal intervention by Japan and the US, and dollar-yen fell after the daily fixing, dropping below the ¥157 level.

Euro-yen fell below the ¥178 level for the first time in about 2 weeks, while sterling-yen also hit a 2-week low.

At a glance

Foreign exchangeThe yen strengthened on caution over verbal intervention by Japan and the US, sending dollar-yen below the ¥157 level

EUR/JPYFell below the ¥178 level for the first time in about 2 weeks

GBP/JPYHit a 2-week low

Tokyo fixingDollar-yen fell after the daily fixing

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