Yen eases despite intervention threat, Aussie steady before RBA

Selangor FA says Faisal Halim needs further ops as acid attack left footballer with fourth-degree burns, speech and movement affected

The US dollar gained 0.22 per cent to ¥154.235 in early Asian trading, adding to its 0.58 per cent rally from yesterday. “USD/JPY likely remains attractive to market participants because of the still wide US Japan interest rate differentials and healthy risk appetite,” Carol Kong, a currency strategist at Commonwealth Bank of Australia, wrote in a client note.“The risk is USD/JPY creeps back up and forces Japan’s Ministry of Finance to intervene,” but barring that, the dollar is likely to see a period of consolidation into the Bank of England policy decision on Thursday, she said.

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