Dollar Falls as Yen Strengthens on Intervention Speculation

The dollar remained anemic aft reaching a four-month debased against a handbasket of currencies overnight arsenic the Japanese yen surged connected speculation of coordinated U.S.-Japan interventions to enactment the currency.

The Federal Reserve Bank of New York contacted imaginable trading counterparties connected Friday for complaint checks, The Wall Street Journal reported.

Rate checks are inquiries astir disposable pricing and tin precede nonstop currency interventions.