Yen Intervention Hangover: Markets Hold Their Breath for Friday's Payroll Test

The dollar index hovers at 99.70, stubbornly stuck below the psychological 100 level for a fourth day after joint US-Japan intervention sent shockwaves through currency markets last week.

Money Moves

• Yen steady at 157.75/dollar — After swinging from a 40-year low of 164 to a three-month high of 155.20 in a matter of days, the Japanese currency is consolidating as traders question whether Washington will truly "do whatever it takes" to keep supporting it -...