Dollar Falls as Japanese Yen Rises on Intervention Hopes

Core Viewpoint - The dollar is trading near an 11-week low against a basket of currencies, influenced by the recovery of the Japanese yen and potential government interventions [1] Group 1: Currency Market Dynamics - The Japanese yen is recovering due to expectations of government actions to stabilize the currency [1] - Japanese Finance Minister Satsuki Katayama indicated that the government is prepared to intervene against excessive currency fluctuations [1] Group 2: Economic Data Impact - Recent data revealed that the U.S. economy grew more than anticipated in the third quarter, which provided temporary support to the dollar [1]