Yen Surges as Dollar Nears Intervention Zone, U.S. Inflation and Labor Data Curb Fed Rate Cut Bets
The yen outperformed all G-10 currencies this week, holding close to the psychologically significant 150-per-dollar level as investors remain wary of potential intervention by Japanese authorities. Market participants are closely watching for signs of action as the yen’s weakening trajectory amplifies concerns around central bank measures to stabilize the currency. In the U.S., inflationary pressures resurfaced […]