Money and business
The yen rose with concerns about officials interfering in the currency market
rose a bit versus The US dollar today, with traders focusing on whether the decline of the Japanese currency will prompt the country’s officials to intervene in the market.
Trading volume in the markets decreased before tomorrow, Thursday, when the American Stock Exchange and many international stock exchanges will be closed.
The price of the yen
The yen declined, despite the Bank of Japan’s announcement last Friday to raise interest rates.
The Japanese currency rose (0.25%) against the dollar to (155.84) yen in the latest trading, , which measures the value of the US currency against a basket of currencies including the yen, increased (0.07%) to (97.96) points.
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