Mia Glass
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🌐 bloomberg.comSource
The yen hovered neared the 160 level versus the dollar on Wednesday amid heightened concern among traders that Japan may intervene in the market again to prop up the currency.
🌐 bloomberg.comSource
Japan’s 10-year government bond yield dropped after an auction of the tenor drew firm demand as investors were attracted to high yields despite the ongoing uncertainty in the Middle East.
🌐 bloomberg.comSource
Yen traders face a heightened risk of intervention over the next two weeks after Japan’s currency defied historic attempts to prop it up.
🌐 bloomberg.comSource
From Bloomberg: Japan Yields Rise to Multi-Year Highs on Global Inflation Fears