Bank of Japan may intervene to arrest yen rise, says  Hiroshi Watanabe.

Bank of Japan may intervene to arrest yen rise, says Hiroshi Watanabe.

TOKYO (Reuters) – Japan may intervene in the foreign exchange market to prevent the yen from rising above 100 to the dollar, but just once given the difficulty of keeping currency rates pegged at a set level, former top currency diplomat Hiroshi Watanabe said on Thursday. Many analysts expect the yen, which hovered around 103.50…

Oil slide as Coronavirus fears intensify. Yen & treasuries up

Oil slide as Coronavirus fears intensify. Yen & treasuries up

Chinese Premier Li Keqiang on Monday visited Wuhan, the epicenter of an outbreak of a new coronavirus that has killed 80 and infected more than 2,700 people, as Beijing sought to signal how seriously it aims to respond to the developing crisis. Japan’s Nikkei average .N225 suffered a steep 1.8% loss, on track for the…