People skeptical about merits of intervention -analystNEW YORK, June 24 -
"So why is the market testing the BOJ again? One of the reasons is that there has been a camp that's very skeptical about the merits of intervention when interest rates are so wide." The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.4% to 105.46, sliding from a nearly eight-week high of 105.91 it touched last week.
earlier this month, was up 0.4% at $1.0737, but was still down about 1% against the dollar in June so far.
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