Currency market on guard for intervention in Japan's yen
Market Intelligence Analysis
AI-PoweredThe Japanese yen's recent spike has put the currency market on high alert for potential intervention by the Japanese government, with Prime Minister Sanae Takaichi pledging to act against speculative market moves.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
SINGAPORE, Jan 25 () - Foreign exchange markets will start the week on edge about the possibility of official yen buying following the currency's spike on Friday and a weekend pledge by Japanese Prime Minister Sanae Takaichi to act against speculative market moves. The low-liquidity hours early in Asia's Monday morning will likely be particularly jittery with a holiday in Australia further thinning trade, which can exaggerate moves.
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