The dollar fell to as low as 153.89 yen amid talk of a possible joint intervention to support the Japanese unit

The dollar fell to as low as 153.89 yen amid talk of a possible joint intervention to support the Japanese unit

The dollar fell in Asian trade Monday amid speculation US officials could join their Japanese counterparts to help support the yen after a recent sell-off, while equities started the week on a tepid note.

Reports that the Federal Reserve Bank of New York had checked in with traders about the yen's exchange rate sparked a surge in the Japanese currency, according to Bloomberg, pushing it up more than one percent to 153.89 per dollar -- its strongest level since November.

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