Fears that the government will intervene in an attempt to weaken the yen saw the currency fall from its 15-year high against the dollar. The yen slid 0.7 percent to 81.40 against the dollar at 8:28 a.m. in New York, from 80.81 yen yesterday, when it reached 80.41 yen, the strongest level since April 1995.
Ã¢â‚¬Å“There is some underlying nervousness about intervention,Ã¢â‚¬Â said Daragh Maher, deputy head of global foreign-exchange strategy at Credit Agricole SA in London. Ã¢â‚¬Å“The market got a little more edgyÃ¢â‚¬Â as the yen neared 80 per dollar, Maher said.
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