Japanese Yen Surges and USDJPY Tumbles: Suspected Intervention Sparks Currency Fluctuations
Key Takeaways: Japanese yen strengthened against the dollar USDJPY pair dropped to over one-month low Suspected government intervention in currency markets Bank of Japan may have spend 2.14 trillion yen in intervention Yen relief from U.S. Federal Reserve rate cut speculation Dollar fell on concerns over September rate cut β¦ Read more