S&P 500 flat in afternoon U.S. trading * U.S. dollar up against the yen, at 38-year high * Investors on alert for yen intervention By Caroline Valetkevitch NEW YORK, – The dollar hit a fresh 38-year high against the yen on Wednesday, with investor speculation high that authorities in Japan […]
intervention
The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. “If there are excessive currency fluctuations, it has a negative impact on the national economy,” said […]