Yen Poised to Surge as US-Japan Intervention Marks Historic Shift
Analysts say joint US-Japan intervention marks a turning point for the yen, which is expected to strengthen significantly toward 125 per dollar, ending its four-decade low slide.
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Recently added · Page 1Bessent Backs Yen Strength, USDJPY Faces Downside Pressure
Treasury Secretary Bessent said the U.S. backed Japan's efforts to strengthen the yen, supporting Japanese fiscal policy to prevent a chain of competitive currency devaluations.
Yen Intervention Sparks Uncertainty as Oil Prices Ease, Wall Street Rallies
Asian markets mostly fell despite Wall Street's rally as investors assessed U.S.-Japan yen intervention. Oil prices rose slightly, easing inflation fears. Treasury yields dropped as Iran tensions coo…