The Japanese yen strengthened to kick off the trading week after briefly flirting with levels unseen since April 1990. The yen rose against its US counterpart on verbal warnings from Tokyo authorities about constant forex intervention to prop up the currency as it marched toward 160.00 again. Despite the serious language emanating from Japan, market analysts ostensibly will believe it when they see it. To kick off Asian trading, the yen slumped to as low as 159.92 against the greenback. In April, the yen tumbled to 160.16, the lowest level in 34 years. It has recovered some of its losses on recent comments from the ... (full story)