Yen Weak, Dollar Edges Up as Traders Weigh Fed Rate Hike Path

Yen Weak, Dollar Edges Up as Traders Weigh Fed Rate Hike Path
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound, and Chinese 100 yuan banknotes are seen in this picture illustration on Jan. 21, 2016. Jason Lee/Illustration/Reuters
Reuters
Updated:
0:00

LONDON/SINGAPORE—The yen fell on Monday to near eight-month lows against the dollar with investors saying intervention was in sight, while ahead of the 4 July holiday, the dollar edged up after U.S. economic data last week showed slightly easing inflation and consumer spending.

The yen weakened 0.35 percent to 144.82, after on Friday touching its lowest level against the greenback since November. It lost 9 percent against the dollar in the first six months of the year.