11 March 2002, 10:57 Yen Off Highs As Officials Jawbone
The yen gave up some recent gains against the dollar in Asian trade Monday, as Japanese officials again warned that intervention was possible if market moves were too rapid. At one stage, the yen fell to a session low of Y129.16, before
regaining a little poise in late trade. Economic data released late in
the session weighed on the yen breifly. Core private machine orders fell
15.6% on month, the largest monthly fall in four years to the lowest
level since 1987.//MarketNews
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