00:00It's Benzinga bringing Wall Street to Main Street.
00:02The dollar weekend against most major pairs on Monday.
00:05As investors debated whether potential U.S. participation in foreign exchange intervention
00:10in Japan could further erode sentiment toward the world's reserve currency.
00:14According to
00:15Bloomberg, the yen strengthened 1% in Asian trading as speculation grew that
00:20Japanese authorities may intervene to support the currency, possibly with U.S. involvement.
00:25Bloomberg's dollar gauge fell 0.4%, extending a 1.6%
00:30decline last week.
00:31Traders pointed to reported inquiries by the Federal Reserve Bank of New York and
00:35the yen's exchange rate as a possible precursor to coordinated action.
00:39The dollar has fallen
00:40more than 9% since the start of last year amid volatile U.S. policymaking concerns over
00:45Federal Reserve independence and expectations of pressure to cut-
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