Scout24 SE (0RB8.L)

MORNING BID EUROPE-Yen traders on tenterhooks

It's another day of nail-biting for currency traders as the will-they-won't-they debate swirls on Japan's yen-buying intervention. Friday's holiday in most of the world, barring Japan, China and some parts of U.S. markets, makes them all the more nervous. The currency's brief slide on Wednesday to a 34-year low near 152 per dollar triggered an emergency meeting of Japan's three main monetary authorities, which market participants interpreted as imminent direct intervention to stop what those authorities consider speculative currency trading.