Dollar sinks to 4-month low and gold soars past $5,000 as yen leaps
Japanese currency climbs sharply on speculation of joint US-Japan market intervention, adding to pressure on greenback
Japanese currency climbs sharply on speculation of joint US-Japan market intervention, adding to pressure on greenback

Japan’s finance minister had issued ‘final’ warning to speculators

Traders see higher potential for government intervention to support currency

Japanese currency rises most since August after New York Fed queries market participants on price levels

Rises in government bond yields and weakness in the yen could have spillover effects on other markets

Currency at lowest since July 2024 after finance minister expresses concern over ‘one-way’ weakening

Weakness in Japan, South Korea and Taiwan come despite US currency’s decline against G7 counterparts and narrowing interest rate…