(Bloomberg) The yen is strengthening away from areas that prompted suspected intervention in recent weeks, and it’s starting to look similar to 2022 when weaker US economic data did the job for Japanese officials.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptUS Inflation Data Was Accidentally Released 30 Minutes EarlyUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketF1
With or without official word on intervention, weak yen may persist japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The yen is facing growing risks it will rebound against the dollar because trader positions betting it will weaken have become stretched, reaching record levels.Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernank