Reported 3 months ago
Japan's yen reached a six-week high amid speculation of official intervention, while the dollar faced widespread losses in anticipation of upcoming U.S. rate cuts. The euro remained near a four-month peak, sterling held steady, and the yen surged by 0.5% to 155.37 per dollar. Market analysts suggest recent yen movements indicate potential intervention, causing traders to reassess their positions. U.S. interest rate cuts and comments from presidential candidate Donald Trump regarding currency strengths also influenced market sentiment.
Source: YAHOO