Yen surpasses August intervention level and hits seven-month high

The Japanese yen reached this Monday an appreciation of 1.4%, surpassing for the first time the level reached after the Japanese Government's intervention in August. This rise represented seven-month highs for the Japanese currency. The movement reflects continuous pressure on the yen in international foreign exchange markets. Investors will now be awaiting the next steps of the Bank of Japan in light of this significant appreciation of the national currency.