Week Ahead: Yen's Recovery Ahead Of The Weekend May Give The Yuan A Reprieve
August 19, 2023 at 14:18 PM EDT
The dollar rose to its best level in nine months near JPY146.55 on Aug. 17 and found support in front of JPY145.00. An eight-day rally has been halted by a combination of efforts to check the yuan's decline and the pullback in the US 10-year yield.
