Yen firms after landmark intervention, dollar near lows on optimism over Iran talks
By Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, Aug 5 (Reuters) - The Japanese yen steadied on Wednesday after a historic intervention, while the dollar hovered near six-week lows against major peers as renewed hopes for an end to the Iran war curbed safe-haven demand. The yen was slightly stronger on the day at 157.72 per dollar after falling 0.4% on Tuesday. It had strengthened on Monday to 155.2 per dollar after trading around 164, its weakest in 40 years, just a week earlier.
By Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, Aug 5 (Reuters) - The Japanese yen steadied on Wednesday after a historic intervention, while the dollar hovered near six-week lows against major peers as renewed hopes for an end to the Iran war curbed safe-haven demand. The yen was slightly stronger on the day at 157.72 per dollar after falling 0.4% on Tuesday. It had strengthened on Monday to 155.2 per dollar after trading around 164, its weakest in 40 years, just a week earlier.
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