Yen rebounds after breaching 160 per dollar
In short
The yen fell past 160 to the US dollar before bouncing back in rough trading.
Traders were talking about possible action from Japanese authorities to support the currency.
What the reporting says
The yen breached the 160-per-dollar level before rebounding in jittery trading, according to a CNBC TV18 Market summary. The move came amid speculation that Japanese authorities might intervene to defend the currency. The brief reports the sharp currency swing and the market talk surrounding possible official action.
Why it matters
The Japanese yen briefly moved beyond 160 per US dollar and then rebounded, with traders describing the session as jittery. The currency action was tied to speculation that Japanese authorities might step in to defend the yen.