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Market Impact: 0.35
Big Yen Spike Leaves Traders Guessing On Intervention
Source: youtube.com
Currency & FXGeopolitics & WarMonetary Policy
The yen strengthened up to +1.2% vs. the dollar, extending a sharp rebound after Japan and the US staged a record $96B intervention last month. Traders are now watching for the possibility of another yen intervention, which could affect FX volatility and near-term risk sentiment.
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