Japanese Yen Surges as US-Japan Signal Joint Intervention
The Japanese Yen strengthened sharply after US and Japanese authorities confirmed coordinated intervention, hinting at further action.
USDJPY
The USD/JPY pair dropped to around 156.45 in early European trading on Monday, driven by renewed speculation that Japanese authorities intervened to support the Yen.
Officials from both the US and Japan acknowledged the joint effort and suggested that additional steps could be taken if needed.
The move reflects heightened sensitivity around Yen weakness, with markets bracing for further policy responses.
Source: FXStreet Forex News