Yen Recovers Against Dollar After Recent Sharp Slide

The yen has been recovering against the dollar after recently sliding to multi-year lows, helped by growing confidence the Fed is moving closer to cutting rates as well as intervention by Japanese authorities, MUFG said.

The yen has been recovering against the dollar after recently sliding to multi-year lows, helped by growing confidence the Fed is moving closer to cutting rates as well as intervention by Japanese authorities, MUFG said.