We obtained ourselves one other yentervention *yen Surges Extra Than 1% With Merchants On Alert For Intervention
Yen Immediately Spikes Sparking Intervention Chatter Having damaged handheld above 160/USD, this morning (because the G20 assembly involves an finish), the yen is out of the blue spiking larger, prompting desk chatter of one other intervention… chart There was no apparent information or macro catalyst for such a transfer, and for now, there is no such thing as a comply with via nevertheless it seems 160 is the brand new line within the sand for the Bessent/BoJ plunged protectors. chart Some merchants prompt it was a easy stop-hunt (which may nonetheless be instigated by ‘authorities’).
BoC’s Macklem: We are seeing some spillover of global bond yields into Canada, we will take that into account