Dollar’s 160 Yen Level Proven to Be a ‘Formidable Line in the Sand’

0249 GMT – Dollar’s 160 yen level has “once again proven to be a “formidable line in the sand,” DBS Group Research’s Philip Wee says in commentary. “The market is currently unwilling to test [Japanese] Finance Minister Katayama’s explicit threats of decisive steps and physical intervention,” the …