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Yen leaps after intervention, leaving the dollar bruised
The yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying operation by Japan last week. Other currencies like the euro and sterling also saw gains against the dollar. Oil prices fell after President Trump called off an attack on Iran. Investors now await US nonfarm payrolls data for economic clues.
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economictimes.indiatimes.com
Global Market | A history of Japan's biggest interventions to support the yen
The Japanese yen recorded its strongest one-day gain against the U.S. dollar in nearly two years after suspected intervention by Japanese authorities. The move adds to a long…
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apnews.com
US dollar weakens sharply against the Japanese yen after officials intervene in markets
The U.S. dollar has weakened sharply against the Japanese yen after President Donald Trump and Japan's finance minister confirmed both sides had intervened in markets.
