Yen Surges Higher Amid Mysterious Market Move
The Japanese yen has been making waves in the currency market, surging higher today after a sharp move began in North America yesterday.
The dollar sold off against the yen from around JPY159.70 to almost JPY158.20 relatively quickly in the North American morning.
Although no one claimed official intervention, many initially thought it might have been a rate check, an initial look at the move suggested.