Yen Spikes As Spectre of Intervention Spooks Investors

CURRENCY - SINGAPORE. Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months and waited on a central bank meeting in Europe later in the day.

The euro hovered at $1.094, close to Wednesday's four-month peak ahead of a European Central Bank meeting where a hold on rates is expected but further cuts will likely be flagged.