Yen slips but holds intervention gains, traders alert to more action

The yen declined slightly on Tuesday but held onto the majority of its recent gains following coordinated intervention by Japan and the United States the previous week. The currency traded at 157.8 per dollar, down 0.4% from the prior session, after hitting a three-month peak of 155.20. The yen had appreciated approximately 5% over the preceding three trading days following the joint yen-buying action announced by Tokyo and Washington on Friday, a rare coordinated move that kept traders cautiou