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The salary you need to comfortably rent in the 15 most expensive places in the U.S.

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  Mike Winters @MIKE_WINTRS SHARE Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email urbazon | Getty You’d have to make at least double what most Americans earn to rent a home in large cities such as San Francisco and New York,  a new analysis reveals . Based on average rent costs in the 15 most expensive metro areas, Moody’s Analytics determined the annual income needed to “comfortably” rent any type of home. The study defines “comfortable” as needing only 30% of your income to cover housing costs, as is  commonly recommended by financial experts . The most expensive city to be a renter is New York City, with an average rent of $4,122, according to Moody’s data, which looks at all sizes of rental units. To afford that, a renter would need to earn $164,870 a year, nearly triple the $59,228 annual median salary that full-time workers make,  according to the U.S. Bureau of Labor Statistics . Rent prices have soared n...

Japan’s yen had a roller coaster week amid suspected intervention. Here’s what you need to know

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  he yen touched 160.03 against the greenback on Monday, for the first time since 1990, but strengthened to 156 levels later that day amid speculation about an intervention by Japanese authorities. On Wednesday, the currency strengthened by more than 2% to trade near 153 against the dollar, which is also likely to have been caused by an intervention, according to some market analysts. Analysts at Bank of America Global Research said the size of the first suspected intervention could have been between 5 trillion and 6 trillion yen ($32.7 billion to $39.2 billion), based on Bank of Japan data. An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The  Japanese yen  weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The yen touched  160.03 against the greenback on Monday , for the first t...