Risk sentiment was fragile as Israel said it had called up an unprecedented 300,000 reservists and warned residents of parts of the Gaza Strip to leave, in the latest signs it could be planning a ground assault to defeat Hamas.
Asian stocks fell to a 11-month low on Wednesday after another piece of resilient U.S. economic data sent Treasury yields to fresh highs, while a sharp rise in the yen had traders speculating that Japanese authorities stepped into the market. The yen breached the 150-per-dollar level before suddenly shooting to 147.3. There was no confirmation from Tokyo, where Japan's top currency diplomat made no direct comment on the move.
Japanese Officials jawboning unable to upend dollar rally overnight US 10-year real yields approaches 15-year high Fed rate hike odds back over 50% for a
Japan is closely watching volatility in foreign exchange markets and will respond appropriately to rapid movements, Finance Minister Shunichi Suzuki says, noting the yen has been depreciating significantly.