Reply #14: Yen pulls back from record; intervention possible [View All]

[xchrom]

http://www.marketwatch.com/story/yen-hits-record-high-intervention-possible-2011-03-16?dist=beforebell

LONDON (MarketWatch) — The Japanese yen traded little changed versus the dollar Thursday, but only after retracing from a postwar high reached on deepening fears over Japan’s nuclear crisis.

The U.S. currency /quotes/comstock/21o!x:susdjpy (USDYEN 78.5200, +0.8100, +1.0430%) lately bought 78.54 yen, recovering from a plunge that left it at a low of ¥76.32 in late North American trading on Wednesday and early Asian activity, obliterating the previous postwar low of ¥79.75 set in April 1995.

Meanwhile, the dollar index /quotes/comstock/11j!i:dxy0 (DXY 75.97, -0.71, -0.93%) , a measure of the U.S. unit against six major rivals, stood at 75.956, down from 76.656 late Wednesday. Still, the greenback gained on most rivals other than other safe-haven plays.