Posted 11/13/2023, 9:49:00 PM
Yen in Focus as It Nears 33-Year Low, Speculation Grows of Possible Intervention by Tokyo
- Spotlight on yen as it approaches 33-year low, speculation grows about potential Tokyo intervention
- Xi Jinping's visit to U.S. for leaders summit unlikely to move markets much
- Yen hit 1-year low Monday but rallied on options trading; no sign of BoJ intervention yet
- Policy normalization difficult for BoJ with yields highest in decade but stocks near highs
- Investors in Asia look to build on Monday’s gains but momentum remains listless ahead of light data day