We obtained ourselves one other yentervention *yen Surges Extra Than 1% With Merchants On Alert For Intervention
Yen Instantly Spikes Sparking Intervention Chatter Having damaged handheld above 160/USD, this morning (because the G20 assembly involves an finish), the yen is all of the sudden 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 by means of however 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’).
US dollar steadies near two-week high as Middle East hostilities lift oil