Post #6054

🇯🇵Yen surges; intervention fears return The yen jumped sharply against the dollar during Asian trade on Monday, triggering intervention alerts across currency markets. The move follows what traders believe was Japanese government action to support the currency last week. Tokyo is suspected of having already entered the market in the prior week to shore up the yen, making Monday's spike immediately sensitive. Traders are now positioned for a potential second round of official intervention. Repeated or sustained intervention signals continued pressure on the yen and elevates volatility risk across Asian FX markets in the near term. #Japan @asianomics