Dollar Index Holds Steady Near 100 After Suspected Yen Intervention

The U.S. Dollar Index (DXY) is hovering near its key 100.00 level, after reports of suspected Japanese official intervention in the currency market to support the yen.

The dollar's retreat from recent highs reflects the market's reaction to possible yen-buying operations by Japanese authorities.

The DXY measures the dollar against a basket of six major currencies and has slipped from its recent peaks, indicating that investors are closely watching for further policy signals from the Bank of Japan and the U.S. Federal Reserve.