Yen Surges as Traders Anticipate Another Intervention
The yen has experienced a significant rebound against the dollar, gaining as much as 1.2% today.
Traders are on high alert for another intervention by Japan and the US following last month's record $96 billion effort.
Investors are also questioning whether the Bank of Japan could raise interest rates more aggressively than previously expected, according to Bloomberg's Macro strategist Skylar Montgomery Koning.