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LONDON, Oct 26 (Reuters) – The dollar was resilient on Thursday, floating at a close to three-week high as Treasury returns climbed and hunger for riskier money lowered, while the yen briefly rose after breaching 150.50 per dollar, maintaining investors uneasy regarding intervention.
The Japanese yen compromised to struck a fresh one-year low of 150.78 per dollar and was stone’s throw off the 32-year low of 151.94 it touched in October in 2014, which led to Japanese authorities interfering in the money market.
It briefly reinforced greatly to 149.865 prior to recoiling to its present degree at 150.50, however experts claimed this was not likely to be intervention.
“The move was less than one big figure. That tells me it wasn’t intervention,” claimed Niels Christensen, primary expert at Nordea.
“If it had been intervention we would have seen a bigger move,” Christensen included.
Japanese Finance Minister Shunichi Suzuki …
