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Yen Soars on Intervention Hopes, Pressures Dollar; EURUSD and GBPUSD Climb Ahead of Fed Meeting

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The yen surged on signs of possible US-Japan coordinated intervention, weakening the dollar and boosting EURUSD and GBPUSD to four-month highs.
  • Market focus shifts to the upcoming Federal Reserve meeting and potential new Fed chair announcement amid broader USD weakness concerns.
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EURUSD price history

1.15 -0.86% over the displayed period

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