Yen Stalls Near 160 Level Amid Intervention Fears

The Japanese yen is holding steady at around the key level of 160 per dollar, prompting investors to keep an eye out for potential intervention from officials in the foreign-exchange market.

As of Wednesday's session, the yen was trading at 159.45 per dollar at 1:31 p.m. in New York, representing a 0.1% dip from its previous value.

The currency has depreciated by more than 1% in August, partially reversing some of the efforts made by the US and Japan to strengthen the yen at the start of the month.