Yen's Sharp Gain Unlikely a Market Movement, Natixis Says

Alicia Garcia Herrero, chief APAC economist at Natixis, said on Thursday that Japan may have intervened in currency markets following a sharp yen strengthening against the dollar. Garcia Herrero told Bloomberg Television that the correction "can't happen if everybody's reading your screens thinking that US data will be strong." The yen moved abruptly as traders awaited US jobs figures scheduled for later that day, which typically influence the dollar-yen exchange rate.

Next story