Mumbai, Dec. 1 -- The Japanese yen strengthened past 155.5 per dollar, reaching a two-week high as markets revived expectations of intervention and adjusted to the Bank of Japan's policy shift. The move echoed the BOJ's notable 2022 intervention, keeping traders alert. A weakening US dollar, driven by rising odds of a 25bps Fed cut next week, added further support. Even with Japan's manufacturing PMI slightly revised down to 48.7, the yen's momentum stayed firm on policy signals and intervention speculation.

Published by HT Digital Content Services with permission from Capital Market....