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Treasury Secretary Bessent vowed to repeat US-Japan coordinated FX intervention against yen weakness and called for expanding the Fed's FIMA facility, signaling continued dollar-yen intervention risk…
U.S. Treasury warned banks of potential yen market intervention, pushing USD/JPY down from four-decade lows. Coordinated Japan-U.S. action boosts yen strength, raising intervention risk expectations.
The Japanese yen weakened past 160 per dollar due to persistent carry trades and interest rate differentials. However, the currency found some support from falling oil prices and expectations of an u…
USD/JPY strengthened to 158 as hotter US inflation data supported Fed tightening expectations, while BOJ signaled potential rate hikes. Currency volatility concerns prompted intervention caution.
The British pound surged to a four-month high against the dollar supported by strong UK economic data, though pressures from potential Japanese yen intervention and BoE’s likely rate hold temper furt…